UBS has upgraded Best Buy (BBY) to Buy from Neutral and raised its price target from $85 to $106, citing the company's restructuring efforts and new product cycle. Yahoo Finance's Seana Smith and Madison Mills break down the bullish call and some of the retailer's tailwinds. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
UBS analysts upgraded the consumer-electronics retailer to Buy from Neutral and lifted their price target to $106 from $85.
(Updated - June 17, 2024 11:35 AM EDT)