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 (NYSE:RSHCQ) may be changing. These companies may not be doomed to be swallowed up by the shift from retail to e-tail after all.
Blake Bos owns shares of RadioShack. The Motley Fool recommends Amazon.com. The Motley Fool owns shares of Amazon.com and RadioShack. The Motley Fool is short RadioShack. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
