Best Buy (BBY -3.9%) shares slide after Piper Jaffray cuts its rating to Neutral and lowers its...


Best Buy (BBY -3.9%) shares slide after Piper Jaffray cuts its rating to Neutral and lowers its price target to $26 from $39. Valuation is intriguing, Jaffray says, but shares will remain weak due to its positioning in consumer electronics industry product cycles: 40% of sales are in flat-to-declining TVs and PCs, with a much lower share in tablets and mobile phones.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs