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Best Buy (BBY) Stock Price Target Raised at Deutsche Bank

NEW YORK (TheStreet) -- Best Buy's (BBY) price target was upped to $41 from $32 at Deutsche Bank on Wednesday morning. The firm also maintained its "hold" rating.

The new price target comes after the Richfield, MN-based electronics retailer posted second quarter earnings and revenue that topped analysts' estimates yesterday.

Deutsche Bank said that Best Buy's 0.8% increase in comparable-store sales was better than estimates, "despite most indicators pointing to a weak consumer electronics industry." Deutsche Bank added that this "of course"...


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