NEW YORK (
) -- After losing more than 8% of its value on Tuesday,
price target was raised by several analysts.
Goldman Sachs lifted Best Buy's price target to $46 from $45, while UBS raised it to $50 and Wedbush Securities upped it to $44.
Shares of Best Buy tumbled after the company warned Tuesday that it would see lower profit margins in the fourth quarter as shoppers pick up lower-margin items like netbooks and entry-priced televisions.
"In fairness, these concerns look discounted in the stock, which fell sharply on the composition of guidance even though guidance and estimates are rising," Goldman Sachs wrote in a note.
and lifted its full-year earnings outlook.
Societe General, on the other hand, downgraded the company on Wednesday to sell from buy, saying its performance was "marginally disappointing."
-- Reported by Jeanine Poggi in New York.
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