This Best Buy Analyst Is No Longer Bullish; Here Are Top 4 Downgrades For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

  • Ladenburg Thalmann analyst Christopher Nolan downgraded the rating for Sachem Capital Corp. SACH from Buy to Neutral. Sachem Cap shares closed at $1.11 on Wednesday. See how other analysts view this stock.
  • Citigroup analyst Steven Zaccone downgraded the rating for Best Buy Co., Inc. BBY from Buy to Neutral and lowered the price target from $93 to $70. Best Buy shares closed at $75.73 on Wednesday. See how other analysts view this stock.
  • B of A Securities analyst Craig Siegenthaler downgraded AllianceBernstein Holding L.P. AB from Buy to Neutral and cut the price target from $42 to $38. AllianceBernstein shares closed at $39.01 on Wednesday. See how other analysts view this stock.
  • Citigroup analyst Steven Zaccone downgraded the rating for RH RH from Buy to Neutral and slashed the price target from $437 to $200. RH shares closed at $249.35 on Wednesday. See how other analysts view this stock.

Considering buying BBY stock? Here’s what analysts think:

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Got Questions? Ask
Which retail stocks may benefit from BBY's downgrade?
How will Sachem Capital Corp. react to the downgrade?
What prospects exist for AllianceBernstein after the downgrade?
Could RH face further declines post-downgrade?
Which consumer electronics companies could gain from BBY's struggles?
How might Best Buy's competitors leverage this situation?
What impact will these downgrades have on market sentiment?
Are there upcoming earnings reports that could be influenced by this news?
Which investment firms might see increased activity from these downgrades?
How could discount retailers capitalize on Best Buy's challenges?
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