Best Buy Co., Inc. (NYSE: BBY) downgraded to Neutral with price target $33 by UBS
The UBS advised against investing in this stock and the price has fallen for a loss. The price fell from $43.45 on 11/11/2013 to $31.08 on 08/10/2015. UBS downgraded Best Buy Co.,
Inc. (NYSE: BBY) to Neutral with price target $33 with today's price of $31.08. UBS rated Best Buy Co., Inc. (NYSE: BBY) to Buy with price target $49 on 11/11/2013, when the price was $43.45. Best Buy Co., Inc.'s stock price lost 28% since then. By following the previous UBS's recommendation on BBY, you would have lost 28% in 637 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 (BestBuy.com, BestBuy.ca, BestBuy.com.cn, espanol.BestBuy.com and BestBuyMobile.com), The Carphone Warehouse (Carphone Warehouse.com), Five Star (Five-Star.cn), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Magnolia Audio Video (MagnoliaAV.com). 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.
is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers.
In Switzerland, UBS
is the market leader in retail and commercial banking.
With headquarters in Zurich and Basel, Switzerland, UBS
operates in over 50 countries and from all major international centers.
employs more than 80,000 people.