Deutsche Bank Maintains Buy Rating on Best Buy

Best Buy's BBY stock has fallen 8% since hitting a recent high on May 31, compared to the market down 4% and the retail index down 5%, Deutsche Bank reports. “This suggests expectations for a miss,” Deutsche Bank writes. “BBY will report 1Q11 (May 2011) on June 14th. Consensus EPS is $0.33 versus $0.36 last year. Leading indicators, like industry sales and competitor comments, point to a soft quarter, but no worse than these expectations. Maintain Buy.” Best Buy closed Wednesday at $28.67.