Best Buy Falls 4% on Goldman Sell

Best Buy shares slipped 4% on Monday after Goldman Sachs cut its rating from Neutral to Sell with a $59 price target.
Analyst Kate McShane warned of post‑Q1 headwinds, citing higher memory costs, margin compression, and volume declines as manufacturers limit shipments.
The downgrade highlighted challenges in Best Buy’s appliance and consumer electronics categories, potentially leading to negative earnings revisions in the second half.