JP Morgan Downgrades Best Buy To Neutral

JP Morgan downgraded

from Outperform to Neutral. The price target for Best Buy has been lowered from $45.00 to $40.00. Best Buy shares have gained 48.20 percent over the past 52 weeks, while the S&P 500 index has surged 13.39 percent in the same period. Best Buy shares fell 1.74 percent to $35.50 in pre-market trading.