Best Buy is called a big-box standout by Loop Capital

Loop Capital Markets reiterated a optimistic view on Greatest Purchase (NYSE:BBY) on Tuesday with valuation seen as enticing.

Analyst Anthony Chukumba: “We’re inspired by Greatest Purchase’s extraordinarily aggressive costs, notably given ongoing multidecade excessive inflation. We additionally proceed to imagine Greatest Purchase is attractively valued relative to different ‘market-leading, comparatively slow-growing’ retailers—most notably, Goal.”

The agency assigned a Purchase score to BBY and worth goal of $110.

Greatest Purchase (BBY) opened buying and selling on Tuesday with a 3.97% decline as client discretionary shares had been hammered off the higher-than-anticipated inflation report.

See all of the valuation metrics on Greatest Purchase.