Loop Capital says invest in Best Buy to capitalise on housing market rebound

Best Buy Co Inc (NYSE: BBY) is in the green at writing after a senior Loop Capital analyst issued a bullish note in its favour.Best Buy stock has upside to $93Copy link to sectionAnthony Chukumba reiterated his “buy” rating on the electronics retailer this morning and raised his price to $93 which suggests about a 20% upside from here. The analyst dubbed Best Buy stock a “stealth housing play” in his research note today because he expects sales of appliances and television sets to pop as renovations and upg ...