Analysts Offer Insights on Services Companies: Ralph Lauren Corp (BBY) and Best Buy Co (BBY)


Companies in the Services sector have received a lot of coverage today as analysts weigh in on Ralph Lauren Corp (NYSE: RL) and Best Buy Co (NYSE: BBY).

Ralph Lauren Corp (NYSE: RL)

In a report released today, Erinn Murphy from Piper Jaffray maintained a Sell rating on Ralph Lauren Corp (NYSE: RL), with a price target of $104. The company’s shares opened today at $133.24, close to its 52-week high of $136.43.

According to TipRanks.com, Murphy is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -2.9% and a 49.5% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, elf Beauty Inc, and Crocs.

Currently, the analyst consensus on Ralph Lauren Corp is Hold and the average price target is $126.13, representing a -5.3% downside.

In a report released today, Barclays also maintained a Sell rating on the stock with a $110 price target.

See today’s analyst top recommended stocks >>

Best Buy Co (NYSE: BBY)

In a report released today, Zachary Fadem from Wells Fargo assigned a Hold rating to Best Buy Co (NYSE: BBY), with a price target of $77. The company’s shares opened today at $70.89.

Fadem wrote:

“We model a 3% comp for FY19, or above BBY’s 0-2% range (that suggests comps are expected to turn negative in 2H).”

According to TipRanks.com, Fadem is a 3-star analyst with an average return of 6.4% and a 63.0% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.

Currently, the analyst consensus on Best Buy Co is Hold and the average price target is $76.40, representing a 7.8% upside.

In a report issued on May 21, Jefferies also maintained a Hold rating on the stock with a $79 price target.

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