In an era where brick-and-mortar retailers are struggling to maintain their footing amid the rapid rise of e-commerce giants, Best Buy Co., Inc.‘s (NYSE:BBY) recent downgrade by Piper Sandler highlights the ongoing challenges faced by traditional electronics retailers.
The Best Buy Analyst: Analyst Peter Keith downgraded the rating from Overweight to Neutral, while reducing the price target from $82 to $75.
