Goldman Sachs Maintains Neutral on Best Buy

Goldman Sachs is out with its report today on Best Buy BBY, maintaining Neutral. In a note to clients, Goldman Sachs writes, "BBY's underlying gross profit and EBIT growth trends look to be troughing, but we do not see visibility to a meaningful turn. As such, we maintain our Neutral rating." Goldman Sachs maintains a $34 PT on BBY. At the time of posting, shares of BBY were trading pre-market at $29.83, down 1% from Tuesday's close.