BUZZ-Best Buy dips after JP Morgan downgrades stock, cuts PT

Reuters

02/02

** Shares of electronics retailer Best Buy BBY.N down ~2% at $63.90 premarket

** Brokerage JP Morgan cuts rating to "neutral" from "overweight," citing a tough fourth-quarter as well as headwinds in computing amid ongoing economic uncertainty** Cuts PT to $76 from $99, says an abnormal memory market dynamics, where prices are expected to double, will likely diminish computing sales ** With housing still stuck for now, TVs and appliances are likely to experience muted trends - brokerage** Seven of 27 brokerages rate the stock "buy" or "higher", 19 "hold" and one "sell"; their median PT is $80, as per estimates compiled by LSEG** Stock fell nearly 22% in 2025

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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their median PT is $80, as per estimates compiled by LSEG** Stock fell nearly 22% in 2025</p><p> (Reporting by Anuja Bharat Mistry in Bengaluru)</p><p> ((AnujaBharat.Mistry@thomsonreuters.com))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4533","symbol_name":"AQR資本管理(全球第二大對沖基金)","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260202:nL6N3YY0OE:1","article_id":"2608274863","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608274863","pubTimestamp":1770032226,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Best Buy dips after JP Morgan downgrades stock, cuts PT** Shares of electronics retailer Best Buy BBY.N down ~2% at $63.90 premarket** Brokerage JP Morgan cuts rating to \"neutral\" from \"overweight,\" citing a tough fourth-quarter as well as headwinds in computing amid ongoing economic uncertainty** Cuts PT to $76 from $99, says an abnormal memory market dynamics, where prices are expected to double, will likely diminish computing sales ** With housing still stuck for now, TVs and appliances are likely to experience muted trends - brokerage** Seven of 27 brokerages rate the stock \"buy\" or \"higher\", 19 \"hold\" and one \"sell\"; 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