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Best Buy Shares Fall 2.2% in Premarket After DA Davidson Downgrades to Neutral, Sets $95 Target
Best Buy (NYSE:BBY) shares fell 2.2% in premarket trading after DA Davidson downgraded the consumer electronics retailer to Neutral from Buy, setting a $95 price target. The firm cited valuation following a recovery in Best Buy's share price, which had moved to within approximately 5% of its new target. Despite the downgrade, DA Davidson increased its earnings-per-share forecast for the company's third quarter of fiscal 2026 to $1.53 from $1.50, citing a $41 million tariff refund disclosed in a recent 10-Q filing.
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Source：Yahoo财经 · Source Link
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