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Enter Symbol:
Rating: BBY
Sector Perform $36

Best Buy Co., Inc. (NYSE: BBY) downgraded to Sector Perform with price target $36 by RBC Capital Mkts

Monday,  Nov 16, 2015  8:25 AM ET by Betsy O'Brien Harrison

RBC Capital Mkts downgraded Best Buy Co., Inc. (NYSE: BBY) to Sector Perform with
price target $36. Previously RBC Capital Mkts downgraded to Best Buy Co., Inc. (NYSE: BBY) to Outperform with price target $40 on 11/17/2014, when the stock price was $35.57.

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.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.



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