Tariffs Cast A Shadow Over Best Buy, Target: Could This Be A Buying Opportunity?
1. Best Buy faces tariff impacts on margins due to sourcing from China and Mexico. 2. JPMorgan analyst predicts long-term upside despite tariff pressures on Best Buy. 3. Best Buy's YTD decline is 12.7%, signaling further downside risk. 4. Price target for Best Buy lowered from $115 to $110 by analysts. 5. CEO indicates price hikes likely as tariffs take effect.