Best Buy price target lowered to $85 from $87 at UBS

UBS lowered the firm’s price target on Best Buy to $85 from $87 and keeps a Neutral rating on the shares. The company’s Q2 report was “one of those that provided plenty of fodder for both sides of the debate,” the analyst tells investors. While demand showed signs of improvement in Q2 and the results “showed signs of progress,” the report also highlighted several risks ahead and the long-term outlook remains uncertain, the analyst contends.