Brian Sullivan has been pumping BBY since earlier this year and has been right buy he will not leave this stock alone. This is another reason stocks seem to never go down or correct in this market. The never ending hype of not just BBY but the market in general and of course the FED.
Barclays analyst is on now he says that BBY can save another half to a billion dollars in savings therefore it is still about cost-cutting. This is why he put the $50 target on it yesterday. He has raised his EPS estimates for the fifth time in 8 months to $2.75 for next year. That's the justification for the $50 price target from Barclays in a nutshell. A billion in cost-cutting now if Joly can do that I will anoint him but at some point you do need to see some demand pick up. I guess if gas prices drop that may help.