Best Buy Co. BBY +3.04% shares rose 3.6%, recovering from the previous session’s 1% drop. The retailer on Thursday reported adjusted fourth-quarter earnings of $1.24 a share. Though it was below the $1.47 a share earned in the same period a year ago, it beat consensus analyst estimates of $1.01. The stock is rated overweight with a price target of $34 at J.P. Morgan.
Support at 26.40....breaking 27 today or Monday (IMHO)
I would take $33-34 even by May-June and be happy from these lower levels. Sold my TGT today the thing is up $6 on Wed and Today combined on a report that was actually not even as good as BBY's I believe. I think it goes higher but I had to sell this move today.