Previous close | 10.31 |
Open | 8.08 |
Bid | 7.80 |
Ask | 8.00 |
Strike | 95.00 |
Expiry date | 2024-09-20 |
Day's range | 8.08 - 8.08 |
Contract range | N/A |
Volume | |
Open interest | 219 |
UBS has upgraded Best Buy (BBY) to Buy from Neutral and raised its price target from $85 to $106, citing the company's restructuring efforts and new product cycle. Yahoo Finance's Seana Smith and Madison Mills break down the bullish call and some of the retailer's tailwinds. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
If there has been any constant down the aisles of supermarkets and on the racks at clothing stores, it’s inflation. While inflation has started to cool down, the reality is that prices continue to be high — and that remains a key issue for consumers. Some retailers have fared well against this backdrop, namely Walmart (WMT). Others like Macy’s (M) and Best Buy (BBY) have struggled as households cut back on non-essential items. The issue of inflation will take center stage with voters in the November presidential election and could weigh on retailers until the race for the White House is over. So what’s the best retail investment strategy during this political news storm? Yahoo Finance Executive Editor Brian Sozzi discusses it all with investor, retail expert, author and partner at Wall Street Beats, Jeff Macke.
UBS analysts upgraded the consumer-electronics retailer to Buy from Neutral and lifted their price target to $106 from $85.