UBS lowers Best Buy price target to 115 while maintaining buy rating

UBS has adjusted its price target for Best Buy (BBY) to $115 from $123, but still maintains a Buy rating on the stock.

This adjustment is due to anticipated pressures on forward estimates following the company's Q3 results. However, UBS analysts believe that there is still a compelling risk-reward opportunity for investors in Best Buy shares.

Additionally, investors are encouraged to take advantage of Black Friday offers, which include a 40% discount on TipRanks Premium. This subscription provides tools for unlocking investing potential and access to weekly expert stock picks through the Smart Investor Newsletter.

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