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Best Buy Co., Inc. (BBY) [hlAlert]

down 50.41 %

Best Buy Co., Inc. (BBY) downgraded to Underperform by Wedbush

Posted on: Wednesday,  Aug 22, 2012  8:25 AM ET by Wedbush

Wedbush rated Underperform Best Buy Co., Inc. (NYSE: BBY) on 08/22/2012, when the stock price was $17.75.
Since then, Best Buy Co., Inc. has gained 101.69% as of 12/30/2015's recent price of $35.80.
If you would have followed this Wedbush 's recommendation on BBY, you would have lost 50.41% of your investment in 1225 days.

Best Buy Co., Inc. (Best Buy) is a specialty retailer of consumer electronics, home office products, entertainment software, appliances and related services. The Company operates retail stores and Web sites under the brand names Best Buy (,,, and, The Carphone Warehouse (Carphone, Five Star (, Future Shop (, Geek Squad ( and, Magnolia Audio Video ( It operates through two business segments: Domestic and International. The Domestic segment consists of the store, call center and online operations in all states, districts and territories of the United States operating under the brand names Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video and Speakeasy. The International segment is comprised all Canada store, call center and online operations, under the brand names Best Buy, Best Buy Mobile, Future Shop and Geek Squad.

Wedbush is Headquartered in Los Angeles, California with over 90 offices and more than 125 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth. We deliver superior investment ideas and products through exceptional customer care, financial security, continuity and advanced technology.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/22/2012 8:25 AM Sell
as of 12/31/2012
1 Week down  -2.42 %
1 Month up  9.61 %
3 Months up  31.10 %
1 YTD up  33.23 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/16/2010 11:25 AM Hold
38.33 42.00
3/26/2010 9:25 AM Hold
42.93 47.00

(*) Stock Price at the time of the recommendation.
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