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Tuesday, April 5, 2011

Best Buy Gets Boost on Upgrade (NYSE: BBY)

NEW YORK - Shares of Best Buy rocketed hire this morning as The Markets Are Open upgraded the stock to its highest level. Andy Kibbens the CEO of The Markets Are Open said the stock was clinically undervalued and noted the strong destructive cynicism around the stock. Other analysts have followed suit, with several analysts recommending the stock yesterday. Kibbens added "the company has bought back 8% of its stock in the last year, perhaps these irrational prices can allow them to buy back 18%."

To read the premium Best Buy Report click here.

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