The Wells Fargo & Co Upgrades Best Buy (BBY) to “Buy”

▤ Summary

Best Buy (NYSE:BBY) was upgraded by analysts at Wells Fargo & Co to a “buy” rating in a research note issued on Thursday, The Fly reports. Finally, Jefferies Financial Group set a $70.00 price target on Best Buy and gave the stock a “hold” rating in a research note on Wednesday, November 21st. Best Buy declared that its board has authorized a stock repurchase program on Wednesday, February 27th that permits the company to buyback $3.00 billion in shares. Finally, Pearl River Capital LLC purchased a new stake in shares of Best Buy in the 4th quarter valued at about $34,000. Best Buy Co, Inc operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico.

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