(BBY) stock is up nearly 30% in 2020, as consumers continue to stock up on electronics to facilitate remote working and learning for the long haul. The retailer is getting more competitive on pricing as well, notes Loop Capital, in a way that could help it fend off (AMZN)com. Loop Capital analyst Anthony Chukumba reiterated a Buy rating and $130 price target on Best Buy (ticker: BBY) Monday, following his recent research into the company’s product pricing, vis-à-vis Amazon (AMZN). Read More...
(BBY) stock is up nearly 30% in 2020, as consumers continue to stock up on electronics to facilitate remote working and learning for the long haul. The retailer is getting more competitive on pricing as well, notes Loop Capital, in a way that could help it fend off (AMZN)com. Loop Capital analyst Anthony Chukumba reiterated a Buy rating and $130 price target on Best Buy (ticker: BBY) Monday, following his recent research into the company’s product pricing, vis-à-vis Amazon (AMZN).
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