Barclays ups the target by $2 the outperform was put on the stock on Feb 18, 2013. I'm surprised anyone ups anything here a week before earnings that is usually done well in advance. "If" Best Buy has a bad report let's see if all the firms tripping over themselves to upgrade since early 2013 actually reverse their calls. That's usually the pattern.
just goes to show you, don't believe or trust these analysts and their recommendations. Barclays, Wachovia, PJ, they are all the same. If anything, use them as a contrarian indicator. They all have an agenda and I think with this POS is to get the stock to 30 before earnings. Funny thing is, there really isn't much retail interest anymore. Joe Blow knows that this copanies days are numbered and the stock is going the way of CC, Borders, and other retail.
I still believe this stock will be under $12 by 2015. It may run some more but eventually you have to grow profits. AMZN keeps re-investing and building out more facilities nationwide to make distribution more affordable and easier. They will keep the pedal to the metal forcing BBY to become a regional player by closing more and more stores. You cannot cost cut your way to prosperity.