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

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

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.