UBS reiterates a Neutral rating on shares of Best Buy (BBY -0.9%) while hiking its price target...


UBS reiterates a Neutral rating on shares of Best Buy (BBY -0.9%) while hiking its price target to $27 from $25, writing the retailer must get more aggressive in its restructuring efforts to boost profit. BBY plans to cut its big-box square footage by 10%, but it should double that amount and boost store rep counts to 3.6/1,000 sq. ft. from a current 3.1, which would lift annual EPS $1.

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  • billddrummer
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    Link to a comment I posted last week:

     

    http://seekingalpha.co...
    16 Apr 2012, 08:12 PM Reply Like
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