USA ISM Manufacturing for Jun 53.000 vs 54.900 Est; Prior 56.100

USA ISM Manufacturing for Jun 53.000 vs 54.900 consensus estimate. The prior reading was 56.100.

USA ISM Manufacturing for Jun 53.000 vs 54.900 consensus estimate. The prior reading was 56.100.

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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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