Best Buy (BBY) 3Q Earnings

<p>Best Buy (BBY) released 3Q21 earnings before market open. We have a bearish view on the market and Best Buy (BBY), says Brandon Fletcher of Berstein. They have an underperform rating with a price target of $82 on Best Buy. He says it was a solid quarter as their comps continue to rise despite a 28% decrease in online sales. He thinks the rate of growth is likely turning down. They prefer retailers Walmart (WMT) and Kroger (KR) over Best Buy. </p><p><br></p>