Why Best Buy Is a Best Bet

S&P expects the retailer to benefit from strength in consumer-electronics spending and an ability to outmaneuver competitors

Why do we have a "strong buy" on Best Buy (BBY)? We think that the healthy consumer-electronics cycle will continue to propel sales and earnings growth despite an expected slowdown in consumer spending. Second, we think that aggressive expansion and a continued focus on service levels will allow Best Buy to increase overall market share and build loyalty with consumers.

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