Morgan Stanley Cuts Best Buy Co., Inc. (NYSE:BBY) Target Price To $ 75.00

Morgan Stanley maintains Best Buy Co., Inc. (NYSE:BBY) at Equal-Weight rating, while revising the price target. The research firm cuts target price to $ 75.00 down from previous mark of $ 80.00.

According to the previous trading day, closing price of BBY was $ 62.09, representing a 10.54 % increase from the 52 week low of $ 56.17 and a 26.41 % decrease over the 52 week high of $ 84.37.

Best Buy Co., Inc. has a market capital of $ 17.06 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.