Best Buy (BBY) To Get Some of Your Tax Rebates, Too

Wal-Mart (WMT) isn’t the only retailer that will be getting your tax rebates, says Jeffries. Jefferies expects Best Buy (BBY) to beat Q1 consensus estimates next week due to a lift from tax rebates.

Considering most people believe the tax rebates will be going to Exxon Mobil (XOM) and food (WMT) and not electronics, even a small boost could help BBY beat consensus. Jeffries isn’t that gung-ho on BBY, however: They maintain a HOLD.

See Also:
Best Buy (BBY) Could Get Crushed By Wal-Mart (WMT) (BBY, CC, WMT)
Wal-Mart (WMT): Analysts Wild About Shareholder Meeting and Stock
(WMT)
Wal-Mart (WMT) CEO: We Blew It Once–Never Again
(WMT)

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