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Best Buy and Boeing: Positive Outlooks for Earnings
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Best Buy stock is expected to report positive Q3 earnings, with slightly beating estimates for revenues and earnings. The company forecasts a full-year revenue range of $43.8 billion to $44.5 billion, with an adjusted EPS range of $6.00 to $6.40. Deutsche Bank upgraded shares of Boeing to Buy with a price target increase of $270, offering about 30% upside compared to Friday’s close.
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How does Boeing's positive outlook impact the aerospace industry?
What factors contributed to Best Buy's underperformance compared to the S&P 500?
What potential implications do the upgrades and price target increases have for investors?
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