Telsey Advisory Upgrades Best Buy To Outperform

Analysts at Telsey Advisory upgraded Best Buy (NYSE: BBY) from Market Perform to Outperform.

The price target for Best Buy has been raised from $37.00 to $45.00.

Best Buy shares have dropped 3.43% over the past 52 weeks, while the S&P 500 index has surged 13.74% in the same period.

Best Buy shares gained 1.60% to $38.63 in pre-market trading.