Best Buy Falls as Wedbush Sees Better Options By Investing.com
By Christiana Sciaudone Investing.com -- Best Buy Co Inc (NYSE:BBY) dropped 2% after Wedbush said there are "better opportunities elsewhere." The firm cut shares to neutral from buy as it said to buy Lowe's (NYSE:LOW) or Williams-Sonoma (NYSE:WSM) over the electronics retailer. “We believe that the category will continue to trail home improvement and home furnishings category growth in 2021,” analyst Seth Basham wrote in a note, according to StreetInsider. “We see better opportunities in other hardlines names, particularly in the home improvement category (LOW, FND) and home goods/ mattress category (WSM,...
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