Best Buy (BBY) To Feast on Carcass of Circuit City (CC)

Bank of America upgrades Best Buy (BBY) to BUY on the theory that the company’s market share gains will offset industry weakness

Where will those market share gains come from? Sorry Circuit City (CC).

Bank of America upgrades Best Buy (BBY) from Neutral to BUY, target price raised from $41 to $46.

See Also:
Goldman: Sell Best Buy (BBY) Before Tax Rebates Run Out
Best Buy (BBY) To Face Difficulties Ahead, Such as Gross Margin Compression (BBY, WMT, AMZN)
Everyone Makes Fun Of Circuit City (CC), Even The Analysts Who Love It

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