UBS analyst Michael Lasser upgraded Best Buy to Buy from Neutral with a price target of $106, up from $85. The firm believes the shares offer a compelling risk-reward to invest behind as it sees several drivers of potential upside over the next 18 months, including an improvement in housing trends, a pending electronics replacement cycle, higher levels of product innovation including AI and growing sales of new categories like e-bikes, furniture, and others, the analyst tells investors.
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