Piper Jaffray sees upside for Best Buy in 2H

|About: Best Buy Co. (BBY)|By:, SA News Editor

Piper Jaffray backs its Buy rating on Best Buy (NYSE:BBY) heading into the retailer's Q2 earnings release next week.

The investment firm expects a negative BBY comp, but sees some gross margin improvement.

Things may get easier in Q3 and Q4 for Best Buy when it starts to lap easier comps and with an iPhone launch scheduled.