Upgrades by Barclays, Stifel N and BB&T Capital mkts ...
and others coming .CEO Joly and CFO Sharon McCollam (who came fron WSM) are now on their waY TO TURNAROUND THIS GREAT COMPANY. One thing Joly should consider is to establish a division for RENT-to-OWN appliances , TVs etc. Huge margins in rent-to-own markets.
do these agencies have a crystal ball. most likely they are still heavy holding positions in Best Buy and want to dump their shares. And there are a lot of sheep that will buy. Word of advice...these same companies were pumping 3Com, Cisco and now dead internet stocks at off this planet valuations before the tech bubble burst! Don't base your investment decisions on what they recommend...you will get burned.
A person does not need to be a genius to see that Best Buy has no future.
If they wanted to dump their shares, they would do it six months ago. If they were all yelling buy, buy, then it would be the time to "dump" them. It is not yet that time, so I expect BBY to go more up.