Jefferies analyst Daniel Binder last week raised his recommendation on Best Buy from "hold" to "buy."
He doesn't have all the information he would like on the company, but he senses an "inflection point."
"Ultimately, this is a bet that new management will cut costs, bring better processes, discipline and measurement to the business, essentially fix what it has and stabilize the business,'' Binder wrote.
STRATASYS AND 3-D PRINTING
The 3-D printer market remains hot despite a slump in share prices over the last month by Stratasys Inc. and competitors. JPMorgan analyst Paul Coster believes the 3-D printer market will have a 20 percent compound annual growth rate through 2015.
Last week, Stratasys reported solid fourth-quarter results after its acquisition of Objet Ltd. of Israel.
JPMorgan analysts believe Stratasys shares are fully valued, and they are maintaining a "neutral" rating. They predict near-term execution challenges as Stratasys integrates Objet's product offerings and dealer network. "Stratasys is largely defining the market and therefore should grow with the market almost by definition,'' they said.
Patrick Kennedy
