{"id":31373,"date":"2014-09-17T10:19:38","date_gmt":"2014-09-17T14:19:38","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=31373"},"modified":"2014-09-17T10:19:38","modified_gmt":"2014-09-17T14:19:38","slug":"why-best-buy-co-inc-nysebby-is-poised-to-gain","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/why-best-buy-co-inc-nysebby-is-poised-to-gain-31373","title":{"rendered":"Why Best Buy Co Inc (NYSE:BBY) Is Poised To Gain"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 09\/17\/2014 (wallstreetpr) \u2013 <strong>Best Buy Co Inc (NYSE:BBY)<\/strong> is expected to gain in several aspects of its business and stock if its <a href=\"http:\/\/www.thestreet.com\/story\/12881444\/1\/why-best-buy-bby-stock-is-higher-today.html\" target=\"_blank\">rival<\/a>, <strong>RadioShack Corporation (NYSE:RSH)<\/strong>, is bought out of business. There have been suggestions from some analysts on Wall Street that RadioShack should consider selling itself to <strong>Amazon.com, Inc. (NASDAQ:AMZN)<\/strong>. That move would reduce competition for Best Buy and also increase its sales and earnings.<\/p>\n<p style=\"text-align: justify;\">The rumors of a possible demise of RadioShack, through a buyout, are already making the rounds, and they can be linked to the 2.3% gain in Best Buy Co Inc (NYSE:BBY) on Tuesday. Analysts at Deutsche Bank said, in a note, that the exit of RadioShack and the closure of its struggling 5,000 stores in the U.S. could end up sending more customers to Best Buy stores, thereby increasing sales and boosting earnings. \u00a0The analysts further said that up to 11.5% of RadioShack&#8217;s business could flow to Best Buy.<\/p>\n<p style=\"text-align: justify;\"><strong>Eliminating competition<\/strong><\/p>\n<p style=\"text-align: justify;\">If acquired by Amazon.com, Inc. (NASDAQ:AMZN), RadioShack would help the giant online retailer to showcase its products and improve its distribution services. In the meantime, Best Buy Co Inc (NYSE:BBY) would benefit from reduced competition, which is good for its top and bottom lines.<\/p>\n<p style=\"text-align: justify;\">RadioShack Corporation (NYSE:RSH) is financially troubled, and the company was recently reported as considering $585 million in financing deal with UBS and Standard General LP, a move that is expected to save it from bankruptcy. Its loss in the most recent quarter almost tripled from a year ago while revenue declined to $673.8 million from $861.4 million for the latest quarter.<\/p>\n<p style=\"text-align: justify;\"><strong>Bullish outlook<\/strong><\/p>\n<p style=\"text-align: justify;\">The majority of analysts that are currently covering Best Buy Co Inc (NYSE:BBY) are bullish on the stock. For instance, analysts at <strong>JPMorgan Chase &amp; Co. (NYSE:JPM)<\/strong> recently raised their target price on the stock to $37 from $35. The same move was seen at RBC Capital where the stock was given a new target price of $36 from $34. Overall, the $12 billion consumer electronics retailer boasts consensus \u201cbuy\u201d rating and average target price of $40.42.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 09\/17\/2014 (wallstreetpr) \u2013 Best Buy Co Inc (NYSE:BBY) is expected to gain in several aspects of its business and stock if its rival, [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":24642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236,263],"tags":[1750,2118,3015,2782,2124,1628,717,1249,603,1253,1378,4857],"stock_ticker":[],"class_list":["post-31373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-technology","tag-amazon-com-inc-nasdaqamzn","tag-amazon-com-inc","tag-best-buy-co-inc","tag-best-buy-co-inc-nysebby","tag-jpmorgan-chase-co","tag-jpmorgan-chase-co-nysejpm","tag-nasdaqamzn","tag-nysebby","tag-nysejpm","tag-nysersh","tag-radioshack-corporation","tag-radioshack-corporation-nysersh","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Best Buy Co Inc (NYSE:BBY) Is Poised To Gain  - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/why-best-buy-co-inc-nysebby-is-poised-to-gain-31373\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Best Buy Co Inc (NYSE:BBY) Is Poised To Gain  - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 09\/17\/2014 (wallstreetpr) \u2013 Best Buy Co Inc (NYSE:BBY) is expected to gain in several aspects of its business and stock if its rival, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/why-best-buy-co-inc-nysebby-is-poised-to-gain-31373\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-17T14:19:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/06\/Best-Buy-Co-Inc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"271\" \/>\n\t<meta property=\"og:image:height\" content=\"186\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steve Hackney\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Hackney\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/why-best-buy-co-inc-nysebby-is-poised-to-gain-31373#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/why-best-buy-co-inc-nysebby-is-poised-to-gain-31373\"},\"author\":{\"name\":\"Steve Hackney\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/3ce02e36ec0c7fc865d70f316a025867\"},\"headline\":\"Why Best Buy Co Inc (NYSE:BBY) Is Poised To Gain\",\"datePublished\":\"2014-09-17T14:19:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/why-best-buy-co-inc-nysebby-is-poised-to-gain-31373\"},\"wordCount\":352,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/why-best-buy-co-inc-nysebby-is-poised-to-gain-31373#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/06\/Best-Buy-Co-Inc.jpg\",\"keywords\":[\"Amazon.com Inc (NASDAQ:AMZN)\",\"Amazon.com Inc.\",\"Best Buy Co Inc\",\"Best Buy Co. 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