Morgan Stanley lowered the firm’s price target on Best Buy (BBY) to $85 from $100 and keeps an Equal Weight rating on the shares. The firm believes the bull case in which a product cycle accelerates comp growth and yields operating leverage is intact, but argues that this is balanced by tariff risk, the possibility of extended industry softness, and potential market share loss, leading the firm to see “a wide risk/reward” spread.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BBY:
- Best Buy price target lowered to $92 from $102 at Piper Sandler
- Best Buy Co. Faces Sell Rating Amid Industry Uncertainty and Tariff Concerns
- Best Buy price target lowered to $75 from $80 at BofA
- Positive Outlook for Best Buy Co. Amid Tariff Challenges and Growth Opportunities
- Best Buy price target lowered to $93 from $105 at Citi