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BBY
06:02 11/25/20
Best Buy price target raised to $140 from $138 at Piper Sandler
Piper Sandler analyst Peter Keith raised the firm's price target on Best Buy to $140 from $138 and reiterates an Overweight rating on the shares following the company's "strong" Q3 results. The analyst sees labor optimization on a "much higher" base of sales resulting in an EBIT margin well above Best Buy's longer-term target of 5%.