Best Buy Co Inc has notified employees that it would cut some jobs at its stores, the Wall Street Journal reported https://www.wsj.com/articles/best-buy-to-lay-off-store-workers-11612992808#:~:text=Best%20Buy%20Co.,where%20more%20shopping%20happens%20online on Wednesday,.
Purple Innovation Inc (NASDAQ: PRPL) has executed its turnaround very well, which paves the way for growth over the next few years, according to Bank of America.
The Analyst
BofA’s Curtis Nagle initiated coverage of Purple Innovation with a Buy rating and a price target of $10.
The Thesis. Read More.