ARP Americas LP Invests $1.27 Million in Best Buy Co Inc (NYSE:BBY)

▤ Summary

ARP Americas LP purchased a new position in shares of Best Buy Co Inc (NYSE:BBY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. Bank of America set a $75.00 price target on Best Buy and gave the stock a “hold” rating in a research note on Monday, August 26th. Morgan Stanley cut their price objective on Best Buy from $77.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday. In related news, Director Lisa Caputo sold 2,500 shares of the business’s stock in a transaction dated Monday, July 15th. 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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