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Best Buy Announces Dividend of $.15
Wednesday, December 15, 2010 - 9:02am | 65The board of directors of Best Buy Co., Inc. (NYSE: BBY) has authorized payment of a regular quarterly cash dividend of 15 cents per common share. The quarterly dividend is payable on January 25, 2011, to shareholders of record as of the close of business on January 4, 2011. The company had 394,...
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Oppenheimer & Co Downgrades BBY To Perform
Wednesday, December 15, 2010 - 8:54am | 53Analysts at Oppenheimer & Co downgrade Best Buy Co Inc (NYSE: BBY) from "outperform" to "perform." The target price for BBY has been reduced from $53 to $39. BBY's shares fell by 14.82% to close at $35.52 yesterday More Analyst Ratings here
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JP Morgan Lowers PT On Best Buy
Wednesday, December 15, 2010 - 8:51am | 23JP Morgan has lowered the price target on Best Buy Co. (NYSE: BBY) from $45 to $41.
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Piper Lowers PT On Best Buy
Wednesday, December 15, 2010 - 8:19am | 23Piper Jaffray has lowered the price target on Best Buy Co. (NYSE: BBY) from $52 to $46.
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It's Time To Buy Best Buy
Wednesday, December 15, 2010 - 7:04am | 347It's Time To Buy Best Buy Shares of Best Buy (BBY) got whacked today as the nation's largest specialty electronics retailer saw its sales come in much lighter than expected. The stock was down over 15% today and was trading as low as $35.33 in extended hours trading. The company missed earnings...
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Time to Consider Unexpected Downside Earnings Risk
Wednesday, December 15, 2010 - 2:58am | 713Just when everybody was gung-ho on the retail sector, particularly in electronics, Best Buy (NYSE: BBY) apparently did not share their enthusiasm, and posted lower than expected results and lowered its outlook, causing the stock to drop almost 15% on Tuesday. According to the company, the miss was...
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Best Buy Shares Down 15.7% On Earnings And Revenue Miss (BBY)
Tuesday, December 14, 2010 - 4:57pm | 129Shares of Best Buy Co., Inc. (NYSE: BBY) are currently down 15.7% at $35.17 per share during Tuesday afternoon trading. Early on Monday morning Best Buy Co. reported 3rd quarter net earnings of 54 cents per share, on revenue of $11.89 billion. A poll of analysts conducted by Thomson Reuters showed...
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Hhgregg Downgraded to Underperform - Analyst Blog
Tuesday, December 14, 2010 - 4:33pm | 524We currently downgrade the shares of Hhgregg (HGG) to Underperform from Neutral. The rating downgrade is based on weaker profits during the third quarter of 2010, which were below the Zacks Consensus Estimate due to decrease in gross margin rate, increased advertising, comparable store sales...
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Barclay's Michael Lasser Says Best Buy Losing Share To Discount Retailers (BBY, TGT, WMT, RSH)
Tuesday, December 14, 2010 - 4:27pm | 69Barclay's Michael Lasser on CNBC today says Best Buy (NYSE: BBY) is losing share to discount retailers. Possible discount competitors to Best Buy include names like Target (NYSE: TGT), Wal-Mart (NYSE: WMT), and even Radioshack (NYSE: RSH).
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Hhgregg Downgraded to Underperform - Analyst Blog
Tuesday, December 14, 2010 - 4:12pm | 524We currently downgrade the shares of Hhgregg (HGG) to Underperform from Neutral. The rating downgrade is based on weaker profits during the third quarter of 2010, which were below the Zacks Consensus Estimate due to decrease in gross margin rate, increased advertising, comparable store sales...
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Inflation Back On Radar Screen 12-14-2010
Tuesday, December 14, 2010 - 4:11pm | 853Cusick's Corner Commodities are flying, bonds are pulling back and the FOMC has not yet released their statement. The catalysts for this equity and commodity run up are bonds and inflation. Inflation is back on the radar screen as we watch bond prices continue to fall, follow the rate that money...
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Best Buy Upgraded to Buy at Standpoint Research
Tuesday, December 14, 2010 - 3:53pm | 25Best Buy (NYSE: BBY) is upgraded from Hold to Buy at Standpoint Research. The price target is $42.
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15 Stocks that are Breaking Down
Tuesday, December 14, 2010 - 3:37pm | 242Stocks across the board have seen huge increases over the past month, and with the Fed announcement today, if the market reacts negatively to the statement, we could see a temporary pullback in the markets. So what I did, is run a scan of stocks starting to breakdown. The stocks below are showing...
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Standpoint Research Upgrades Best Buy From Hold To Buy (BBY)
Tuesday, December 14, 2010 - 3:05pm | 54Standpoint Research has upgraded shares of Best Buy (NYSE: 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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Market Roundup
Tuesday, December 14, 2010 - 2:05pm | 254Shares of C.R. Bard Inc (NYSE: BCR) gained about 4.7% after the firm projects its 2011 sales growth of 5% to 8%, with a rise of 14% in EPS, excluding one-time items. BCR also reiterated its earnings profit guidance for full year profit in the range of $5.50 to $5.54 per share, excluding one-time...