UBS upgrades Best Buy to Buy, raises price target to $106

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UBS has upgraded Best Buy (BBY) to Buy from Neutral and raised its price target from $85 to $106, citing the company's restructuring efforts and new product cycle.

Yahoo Finance's Seana Smith and Madison Mills break down the bullish call and some of the retailer's tailwinds.

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This post was written by Melanie Riehl