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Best Buy Co., Inc. Message Board

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  • akamy57 akamy57 May 13, 2011 12:41 PM Flag

    BBY Upgraded to Buy From Hold

    BBY was upgraded to buy from hold at Stifel Nicolaus & Co.

    Analyst David Schick said the company may benefit from consumers' interest in 55-inch HDTV sets in the $1,500 to $2,000 range as they upgrade from their now 7-to-10-year-old 42'' inch HDTV....

    also may lessen as AMZN battles state efforts to charge sales tax, he said.

    As BBY grows its Best Buy Mobile business, that also should help its margin over time. He raised his U.S. comparable sales estimate to a decline of 3% from a 6% drop previously estimated and also raised his sales outlook for the second quarter

 
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