Standpoint Research has upgraded shares of Best Buy BBY from Hold to Buy with a price target of $42.00 amidst today's sell off. Best Buy shares have fallen 15.08% after the company reported disappointing earnings.
The firm's price target is based on 12X $3.50 EPS estimates of 2011-2012.
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Posted In: Analyst ColorNewsPrice TargetIntraday UpdateAnalyst RatingsComputer & Electronics RetailConsumer DiscretionaryStandpoint Research
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