Finanzas: Best Buy runs up to six-year high

 
Best Buy (BBY +11.7%) rallies to its highest share price since 2010, touching $45.39 at its high point just minutes ago.

Raymond James was the investment firm that came into the report with a Strong Buy rating on the retailer. The recent quarter supports RJ’s theme that Best Buy’s margins will continue to improve due to tight expense control.

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LEA TAMBIÉN: Finanzas: DICK’S Sporting Goods Reports Third Quarter Results

Keybanc notes that growth in home theater, mobile phones, wearables and connected home was offset in part by a decline in gaming.

Fuente: Seeking Alpha


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