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Goldman Sachs Double Downgrades Best Buy to Sell as Memory Cost Headwinds Threaten Margins
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Goldman Sachs Double Downgrades Best Buy to Sell as Memory Cost Headwinds Threaten Margins
The post Goldman Sachs Double Downgrades Best Buy to Sell as Memory Cost Headwinds Threaten Margins appeared first on 24/7 Wall St.. Quick Read Best Buy (BBY) stock dropped 3% Monday after Goldman Sachs (GS) issued a rare double downgrade from Buy to Sell, slashing the price target to $59 from $76. Best Buy faces margin compression from multiple angles: management guided FY27 operating income rate to 4.3-4.4% (down from 5.0%), while appliance…
·New York, United States
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Total News Sources1
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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