Analysts’ Top Services Picks: BBY, TRU

By Carrie Williams

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Best Buy Co (NYSE: BBY) and TransUnion (NYSE: TRU) with bullish sentiments.

Best Buy Co (NYSE: BBY)

In a report released today, Matthew McClintock from Barclays maintained a Buy rating on Best Buy Co (NYSE: BBY), with a price target of $70. The company’s shares opened today at $58.29.

According to TipRanks.com, McClintock is a 3-star analyst with an average return of 2.1% and a 48.6% success rate. McClintock covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Lululemon Athletica Inc, and Dick’s Sporting Goods.

Currently, the analyst consensus on Best Buy Co is Moderate Buy and the average price target is $61.88, representing a 6.2% upside.

In a report issued on September 5, Loop Capital Markets also maintained a Buy rating on the stock with a $72 price target.
TransUnion (NYSE: TRU)

In a report released today, Manav Patnaik from Barclays maintained a Buy rating on TransUnion (NYSE: TRU), with a price target of $50. The company’s shares opened today at $43.80.

According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 10.1% and a 67.4% success rate. Patnaik covers the Services sector, focusing on stocks such as Apollo Education Group Inc, Corporate Executive Board, and Kar Auction Services Inc.

Currently, the analyst consensus on TransUnion is Strong Buy and the average price target is $49.60, representing a 13.2% upside.

In a report issued on September 7, Cowen & Co. also reiterated a Buy rating on the stock with a $48 price target.

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