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Best Buy’s Top-Line Trends Remain Pressured, Says Analyst

BofA Securities' analyst, Robert F. Ohmes, maintains an Underperform rating on Best Buy, with a $70.00 price target. Despite expectations for first-quarter FY25 earnings on May 30, the analyst predicts a (5)% enterprise comparable sales decline, citing ongoing challenges in consumer electronics spending and modest improvements in CE & hobby retailer expenditures.

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