Best Buy Analysts Increase Their Forecasts After Better-Than-Expected Q2 Results
Best Buy (BBY) reports better-than-expected Q2 results, raises full-year outlook. Analysts revise price targets, stock falls 1.7% on Friday.
Best Buy did better than people thought in the last three months and promised a stronger year ahead, so analysts are more hopeful about the company. Even though this sounds good, the stock price actually went down a tiny bit, which shows that sometimes good news doesn't always make a stock go up right away.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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