From Financial Modeling Prep: 2024-07-08 17:50:00

Jefferies analysts reiterated a Buy rating and $94 price target for Best Buy (NYSE:BBY) stock, citing early signs of a strong replacement cycle in Fall 2023. Traffic to consumer electronics, gaming, and home theater review sites saw double-digit year-over-year increases, with June showing slower growth in the low single digits but maintaining a stable two-year trend.



Read more at Financial Modeling Prep:: Jefferies Reiterates Buy Rating on Best Buy with $…