News Breaks |
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| March 11, 2013 |
| 10:12 EDT |  | BBY | Analyst bucks trends, upgrades rating on Best Buy shares
One analyst strayed from the pack earlier today when recommending investors buy shares of Best Buy (BBY). Piper Jaffray analyst Peter Keith upgraded his rating on the struggling retailer to Overweight from Neutral in a note to investors earlier today, saying Best Buy is in the early innings of a multi-year rebound that could enable the company's operating margin and earnings per share to increase significantly. Best Buy's U.S. margins may stabilize or even improve as the company's management appears to be making headway with its suppliers, the analyst wrote. Meanwhile, Best Buy's new management team is making the company more efficient, and the company's new department heads can address some of its worst problems, he added. The retailer's sales may be boosted by several upcoming catalysts, including its decision to match online prices, and improvements to its online marketing campaigns, according to the analyst, who increased his price target on the shares to $26 from $16. Most Wall Street analysts do not appear to share Keith's optimism about Best Buy, as 17 of the 22 analysts who follow the stock have a Hold rating on the shares, according to Thompson Reuters. In early trading, Best Buy lost 0.5% to $20. |
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News For BBY From The Last 14 Days Check below for free stories on BBY the last two weeks. |
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| May 24, 2013 |
| 11:28 EDT |  | BBY | Options with decreasing implied volatility: WCRX P CBST NTI BBY PXP
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| 11:22 EDT |  | BBY | Best Buy to cut iPhone prices, AllThingsD says
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| May 23, 2013 |
| 11:37 EDT | | BBY | Options with decreasing implied volatility: WCRX CBST NTI BBY TSLA
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| May 22, 2013 |
| 11:56 EDT | | BBY | Options with decreasing implied volatility: WCRX NTI PXP AMRN BBY
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| 07:46 EDT |  | BBY | Best Buy results to start improving in 2H13, says RBC Capital
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| May 21, 2013 |
| 12:36 EDT |  | BBY | On The Fly: Midday Wrap
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| 12:32 EDT | | BBY | Options with decreasing implied volatility: PXP ARNA BBY OPK CSC
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| 10:20 EDT |  | BBY | Best Buy down over 3% in volatile trading, levels to watch
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| 09:25 EDT | | BBY | On The Fly: Pre-market Movers
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| 07:09 EDT | | BBY | Best Buy expects investment in price competitiveness to continue into Q2
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| 07:07 EDT | | BBY | Best Buy reports Q1 SSS fell 1.3%
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| 07:03 EDT |  | BBY | Best Buy reports Q1 adjusted EPS 32c, consensus 25c
Reports Q1 revenue $9.38B, may not compare to consensus $10.64B. Reports Q1 SSS down 1.3%. |
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| May 20, 2013 |
| 15:22 EDT | | BBY | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Home Depot (HD), consensus 77c; Medtronic (MDT), consensus $1.03; The TJX Companies (TJX), consensus 62c; AutoZone (AZO), consensus $7.23; Best Buy (BBY), consensus 25c; Dick's Sporting Goods (DKS), consensus 48c; Tidewater (TDW), consensus 61c; Saks (SKS), consensus 19c; Rexnord (RXN), consensus 31c; Monro Muffler Brake (MNRO), consensus 25c. |
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| 15:05 EDT | | BBY | Best Buy May 27 weekly straddle priced for 9.1% move into Q1
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| 12:24 EDT | | BBY | Stocks with call strike movement; FSLR BBY
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| 11:08 EDT | | BBY | Best Buy May weekly volatility elevated at 117 into Q1
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| May 17, 2013 |
| 12:00 EDT | | BBY | Stocks with call strike movement; FSLR BBY
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| May 16, 2013 |
| 11:37 EDT | | BBY | Stocks with call strike movement; AMD BBY
AMD (AMD) October 4.5 call volatility increased 4% to 58, Best Buy (BBY) June 30 call option implied volatility increased 3% to 63 according to IVolatility. |
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| 10:21 EDT | | BBY | Best Buy volatility elevated shares near one-year high into Q1
Best Buy May weekly call option implied volatility is at 71, June is at 61, July is at 55, September is at 51 of 50 is above its 26-week average of 59 according to Track Data, suggesting large near term price movement into the expected release of Q1 earnings on May 20. |
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| 09:42 EDT | | BBY | Best Buy estimates lowered at ITG Research
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