Best Buy Could Climb Higher If CEO Joly Lives Up To Hype
Even though Best Buy’s stock has tripled this year, riding on the success of CEO Hubert Joly’s turnaround strategy, many on Wall Street think the retailer’s resurgence isn’t over. Investors and analysts say Joly’s initiative – anchored by sharp cost cuts – could boost the stock further, especially because shares still trade at a discount compared with peers.
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