Standpoint Research Initiates Best Buy With Buy Rating (BBY)

Standpoint Research has initiated shares of Best Buy BBY at Buy. The stock has under-performed the S&P 500 by 3,000 basis points since April. The firm has a 2011-2012 price target on the stock of $42. The target is based on 12X a conservative EPS estimate of $3.50. During today's trading session, BBY shares have fallen 0.22% to $32.15. Best Buy Co., Inc. is a multinational retailer of consumer electronics, home office products, entertainment software, appliances and related services.