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BBY Target Boosted by Goldman

By Market News Video Staff, Tuesday, November 23, 2:21 PM ET

Goldman Sachs (NYSE:GS) boosted its price target on Best Buy (NYSE:BBY) today. Goldman sees Best Buy reaching $48 per share, and maintained a neutral rating on the stock.

The firm also hiked earnings targets on the company.

Best Buy shares are trading down 1.7% today. At 3.87% of the portfolio, Best Buy is one of the top ten stocks in the Retail HOLDRS (AMEX:RTH).

Wal-Mart (NYSE:WMT) is the top stock in the fund, at 19.26% of the portfolio, followed by Home Depot (NYSE:HD) at 12.41% of the fund, Amazon.com (AMZN) at 11.13%, and Target (TGT), at 8.96% of the portfolio.

Find the right mix of model portfolios today at PortfolioChannel.com


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