Loop Capital keeps a Buy rating and $100 price target on Best Buy (BBY) while noting that the firm’s quarterly pricing study saw the company’s prices on 50 items across five different product categories as “highly competitive” vs. Amazon (AMZN). Best Buy’s prices are 0.7% more expensive than Amazon’s on average, as compared to 1.7% more expensive in September, with the average price gap narrowed in wearables and personal computers while widening slightly in televisions, home theater, and accessories, the analyst tells investors in a research note.
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