Best Buy Shares Upgraded
Best Buy's stock was upgraded from "hold" to "buy" by a leading analyst Wednesday, on the likelihood that the company will benefit from the demise of rival Circuit City.
According to the Associated Press, Deutsche Bank's Mike Baker also boosted the company's price targets.
The move came just as Best Buy announced that Brian Dunn will move up to succeed retiring CEO Brad Anderson in June. Anderson has been CEO of the company for seven years.