Markets & Finance

Prudential Cuts Best Buy Rating to Neutral from Overweight


Prudential cut its rating on Best Buy (BBY) to neutral from overweight, citing the company's weak results for the second quarter in a row.

Analyst Mark Rowen says he's disappointed for reasons such as the weakness in the retailer's home office, gaming, DVD, and CD product categories. He suggests investors move to the sidelines until there is some evidence that the company is able to outperform its peers.


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