Best Buy (BBY) Could Get Crushed By Wal-Mart (WMT)

Best Buy (BBY) has buried Circuit City (CC), but Deutsche Bank thinks Wal-Mart (WMT) will be a much tougher adversary. The bank also has concerns regarding BBY’s flat panel TV supplies.

Best Buy (BBY) downgraded from Buy to HOLD (target price from $53 to $49).

See Also: Wal-Mart (WMT) Feasts on Tax Rebate Checks: Same-Store Sales Beat Consensus (WMT)

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