Analysts: Buy Best Buy on Shares Pullback and 3 More Research Notes to Browse
Best Buy Co. Inc. (NYSE:BBY): Deutsche Bank believes that shares of Best Buy could be weak following the company’s third-quarter results given the recent run-up and the domestic comp, both of which missed expectations. Deutsche recommends buying the stock on the pullback, saying that Best Buy’s quarter showed tangible progress; the firm has a Buy rating on the name with a $50 price target.
GameStop Corp. (NYSE:GME): RW Baird views GameStop as a transition period winner that benefited from strong sales of Grand Theft Auto V as well as strong digital and mobile growth, offsetting the slower sales of current-generation hardware and software; the firm sees GameStop as a way for investors to play the new console cycle and sees an earnings upside in 2014 and beyond. The shares are Outperform rated with a $57 price target.
Tyson Foods Inc. (NYSE:TSN): BMO Capital believes that Tyson Food’s performance has eliminated many unwarranted concerns about the company after Tyson reported higher-than-expected fourth-quarter earnings per share; the firm now has greater confidence in its above-consensus fiscal year 2014 earnings per share forecast for the company and keeps an Outperform rating on the stock.
Chipotle Mexican Grill Inc. (NYSE:CMG): Morgan Stanley raised Chipotle’s price target to $594 from $485 given the company’s strong top-line momentum and reduced commodity costs; the stock is Overweight rated.
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