— The discount retailer jumped more than 4% after Goldman Sachs initiated coverage on the stock with a buy rating. "We like DLTR's positioning in a tougher economic setup, and believe top-line initiatives should fuel SSS [same-store sales] lift and enhance unit growth," the firm's analysts said.
Goldman has a 12-month target of $89 on the stock, which is about 13% above where it currently trades.— An analyst at Telsey upgraded Best Buy to outperform from market perform, sending the stock up nearly 10%. The analyst expects Best Buy to benefit from: the work-from-home trend, which will likely be here for a while, and the shift in spending toward home-related items, including electronics," among other trends.
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