Tariffs a Net Negative for US Hardlines Retailers Wedbush Says
Published on February 7, 2025
Tariffs have been a cause of concern for many US hardlines retailers, including Best Buy Co. Inc. According to Wedbush, a leading financial services firm, these tariffs have had a net negative impact on the company's operations. Best Buy Co. Inc., listed on NYSE under the ticker symbol BBY, has experienced a decline in its shares due to this uncertainty. However, Smith Group Asset Management LLC has recently shown confidence in the company by buying 4000 shares. Additionally, State Street Corp has increased its stake in Best Buy Co. Inc., indicating its long-term investment view. On the other hand, Manning Napier Advisors LLC has sold off its shares in the company. To make informed investment decisions, it is recommended to seek the expertise of professionals from Stocks Prognosis.
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