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Best Buy Can't Compete With Amazons of World: Analyst

Tuesday, 21 Aug 2012 | 8:15 AM ET

R.J. Hottovy, analyst at Morningstar, has a neutral rating on Best Buy in the short-term, but a more pessimistic view in the long-term. "I really don't see a lot of ways for this company to turnaround," he says. "Best Buy -- where it stands now -- can't compete with the Amazons of the world."