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Best Buy Co (BBY) Receives a Hold from Wells Fargo

Tipranks - Tipranks - Thu Feb 19, 5:40AM CST

Wells Fargo analyst Zachary Fadem maintained a Hold rating on Best Buy Co yesterday and set a price target of $70.00.

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Fadem covers the Consumer Cyclical sector, focusing on stocks such as Home Depot, AutoZone, and Brinker International. According to TipRanks, Fadem has an average return of 8.9% and a 61.68% success rate on recommended stocks.

Best Buy Co has an analyst consensus of Hold, with a price target consensus of $78.38.

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Based on Best Buy Co’s latest earnings release for the quarter ending November 1, the company reported a quarterly revenue of $9.67 billion and a net profit of $140 million. In comparison, last year the company earned a revenue of $9.45 billion and had a net profit of $273 million

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