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Goldman Sachs Double Downgrades Best Buy to Sell as Memory Cost Headwinds Threaten Margins

Best Buy (NYSE:BBY) stock is down 3% in early Monday trading after Goldman Sachs (NYSE:GS) issued a rare double downgrade, cutting the consumer electronics retailer all the way from Buy to Sell....

24/7 Wall Street - 4/13/2026 11:16:14 AM More News for BBY
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Best Buy Stock Gets Double Downgrade to Sell. It's Tied to the Memory Boom.

Best Buy stock was downgraded to Sell by Goldman Sachs, which warns that rising memory costs could pressure margins and weaken demand for PCs....

Barrons - 4/13/2026 11:04:00 AM More News for BBY
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Analyst: High Memory Costs Pose Risk to Best Buy Stock

Best Buy Co Inc (NYSE:BBY) is 3% lower to trade at $60.50 at last glance, after a Goldman Sachs downgraded the retail stock to "sell" from "buy," and cut its price-target cut to a Street-low $59 from $76....

Schaeffers Research - 4/13/2026 10:34:57 AM More News for BBY
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