Goldman is reinstating coverage on Best Buy (BBY) at SELL

Goldman sees a fading on Tax Rebates. He said, "It's not quite ready to pour its money into electronics. We are removing the NR designation on BBY and have a Sell rating with a $42 for 12 month price target. This is more of a sector-relative call than an absolute call; we see modest upside to our 12-month price target, but less than for most other names in our sector".

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