Piper Jaffray is out with its report today on Best Buy BBY, maintaining Overweight.
In a note to clients, Piper Jaffray writes, "We are maintaining our Q1E EPS of $0.36 vs. consensus of $0.33 in BBY's smallest quarter of the year, representing ~10% of our F12E EPS. We remain OW with a $39 PT due to an attractive valuation (~8.2x fwd. EPS), a focus on capital allocation and easing total company comps in the remainder of F12."
Shares of BBY closed Friday at $28.43, down 1.86% from Thursday's close.
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Posted In: Analyst ColorAnalyst Ratingsbest buyComputer & Electronics RetailConsumer DiscretionaryPiper Jaffray
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