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NEW YORK (TheStreet) -- Best Buy (BBY) - Get Report has been upgraded by TheStreet Ratings from Hold to Buy with a ratings score of B+.  TheStreet Ratings Team has this to say about their recommendation:

TheStreet Ratings team rates BEST BUY CO INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate BEST BUY CO INC (BBY) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Powered by its strong earnings growth of 67.04% and other important driving factors, this stock has surged by 49.82% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, BBY should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
• The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Specialty Retail industry. The net income increased by 77.1% when compared to the same quarter one year prior, rising from $293.00 million to $519.00 million.
• Net operating cash flow has significantly increased by 50.77% to $1,161.00 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 9.59%.
• The current debt-to-equity ratio, 0.32, is low and is below the industry average, implying that there has been successful management of debt levels. Despite the fact that BBY's debt-to-equity ratio is low, the quick ratio, which is currently 0.66, displays a potential problem in covering short-term cash needs.
• You can view the full analysis from the report here: BBY Ratings Report