In the following video, Motley Fool consumer goods analyst Blake Bos takes a look at Best Buy's (NYSE:BBY) jump, after receiving an upgrade from Jefferies to a buy with a $24 price target. Blake reminds investors that, while the boost you get when a stock gets an upgrade is always nice, it's the company itself that is going to drive the stock in the long run. He takes a look at some ways the company is changing, cutting costs, and stabilizing, and discusses how the market's perception as a whole of stocks like Best Buy and RadioShack (NASDAQOTH:RSHCQ) may be changing. These companies may not be doomed to be swallowed up by the shift from retail to e-tail after all.
The Motley Fool's industrials analyst, I specialize in 3-D printing and also do my best to stay up-to-date in the fields of robotics and oceanic transportation. Follow me on Twitter, Google+, and/or Facebook below for the most important 3-D printing industry developments and other great stories.
- Mar 6, 2013 at 6:30PM
- Consumer Goods
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