Trump tariffs make Best Buy a big loser as Citi drops a downgrade [Yahoo! Finance Canada]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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investors.bestbuy.com/investor-relations/overview/default.aspx
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Source: Yahoo! Finance Canada
Best Buy ( BBY ) could be gearing up for a brutal holiday season as new tariffs from the Trump administration stand to raise the cost of computers, mobile phones, and other tech gear sold at the big box retailer. Citi analyst Steven Zaccone slashed his rating on Best Buy on Thursday to Neutral from Buy. "We believe the tech replacement cycle, new AI innovation, and margin execution are positive attributes to the story, but the external backdrop is making for a more challenging environment to execute. We see increasing same-store sales risk in the face of consumer uncertainty as well as higher promotional risk from tariffs," Zaccone said. Best Buy stock tanked 10% in premarket trading on Thursday. Best Buy Co., Inc. (BBY) The president on Wednesday imposed a baseline tariff rate of 10% on all US trade partners, which will go into effect on April 5. Additional tariffs will be placed on countries that the Trump administration considers to be the worst offenders in balance of t
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News
- How Is Best Buy's Stock Performance Compared to Other Specialty Retail Stocks? [Yahoo! Finance]Yahoo! Finance
- 1 Volatile Stock Worth Your Attention and 2 That Underwhelm [Yahoo! Finance]Yahoo! Finance
- Best Buy brings shoppers last-minute magic with savings, gifts and fast fulfillmentBusiness Wire
- Best Buy (NYSE:BBY) was given a new $80.00 price target on by analysts at Evercore ISI.MarketBeat
- Best Buy Appoints Dylan Jadeja to Board of DirectorsBusiness Wire
BBY
Earnings
- 11/25/25 - Beat
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Sec Filings
- 12/10/25 - Form 8-K/A
- 12/8/25 - Form 3
- 12/8/25 - Form 4
- BBY's page on the SEC website