JP Morgan Lowers Braskem Target Price to $5.00, Maintains Neutral Rating

JP Morgan has lowered Braskem's (BAK) target price to $5.00, a 16.67% decrease from the previous target of $6.00. The investment bank maintains its 'Neutral' rating on the company. Based on analyst estimates, the average target price for Braskem is $4.88, implying a 46.62% upside from the current price of $3.33.

JP Morgan has recently revised its price target for Best Buy Co. Inc. (BBY), reducing it from $95.00 USD to $88.00 USD. This represents a 7.37% decrease. The investment bank has maintained its "Overweight" rating for the company [1].

This adjustment follows a series of changes in analyst ratings and price targets for Best Buy over the past few months. On July 14, 2025, Piper Sandler downgraded BBY from "Overweight" to "Neutral" and lowered the price target from $82.00 USD to $75.00 USD, marking an 8.54% drop [1]. Guggenheim reiterated a "Buy" rating while maintaining a price target of $90.00 USD on June 10, 2025 [1]. Loop Capital adjusted the price target down from $90.00 USD to $80.00 USD on May 30, 2025, a 11.11% decline [1]. Truist Securities raised its price target from $64.00 USD to $69.00 USD on the same date [1]. Piper Sandler maintained an "Overweight" rating but reduced the price target from $92.00 USD to $82.00 USD on May 30, 2025 [1].

Best Buy's financial performance has been notable, with over $41 billion in consolidated 2024 sales, making it the largest pure-play consumer electronics retailer in the US. The company holds roughly 8% share of the North American market and around 33% share of offline sales in the region [1]. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward [1].

Wall Street analysts forecast an average target price of $77.76 for Best Buy, with a high estimate of $94.00 and a low estimate of $63.00. The average target implies an upside of 3.32% from the current price of $75.26 [1]. The consensus recommendation from 28 brokerage firms is currently "Hold" [1]. GuruFocus estimates the GF Value for Best Buy in one year to be $75.13, suggesting a downside of 0.17% from the current price of $75.255 [1].

References:
[1] https://www.gurufocus.com/news/3075519/jp-morgan-lowers-price-target-for-best-buy-bby-to-88-usd-bby-stock-news