DA Davidson sees August retail sales data positive for Best Buy, AutoZone
DA Davidson analyzed August retail sales data, identifying Best Buy (BBY), AutoZone (AZO), and O'Reilly Automotive (ORLY) as beneficiaries. BBY shares are up 42% YTD, with strong earnings and upward earnings revisions. Guggenheim and UBS raised price targets, but DA Davidson downgraded to Neutral due to valuation. BBY reported Q2 earnings of $1.47 per share on $9.78B revenue, beating estimates.


