Best Buy Co Inc (NYSE:BBY) was upgraded by equities research analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has a $31.83 price objective on the technology retailer’s stock. Vetr‘s price objective points to a potential downside of 2.12% from the stock’s previous close.
In related news, insider Shari L. Ballard sold 184,986 shares of the firm’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $32.99, for a total value of $6,102,688.14. Following the transaction, the insider now directly owns 149,231 shares of the company’s stock, valued at approximately $4,923,130.69. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Source: American Banking and Market News