UPDATE: Citigroup Upgrades Best Buy on Multiple Positive Factors

In a report published Wednesday, Citigroup analyst Kate McShane upgraded the rating on Best Buy Co. (NYSE: BBY ) from Neutral to Buy, and raised the price target from $44.00 to $48.00. In the report, Citigroup noted, “We are upgrading BBY to Buy on 1) lapping easy SSS and margin