UPDATE: Stifel Nicolaus Upgrades Best Buy to Buy on Drivers to Transition Year
Posted on February 19, 2013 at 09:57 AM EST
Stifel Nicolaus upgraded Best Buy (NYSE: BBY ) from Hold to Buy and announced a $23.00 price target. Stifel Nicolaus said, "This is first and foremost a management upgrade call. We are highly confident in new management and their three buckets of internal improvements (online, in-store operations, and cost structure).