Wal-Mart, Amazon a growing threat to Best Buy?

Wal-Mart and Amazon.com are a growing threat to Best Buy, according to an apparently influential analyst for Goldman Sachs.

The analyst, Matthew Fassler, revised his rating today on Best Buy’s stock from “Buy” to “Neutral.” The retailer’s stock had fallen a little over 2 percent since this morning’s news reports about the downgrade.

Fassler wrote that electronics are well-suited to e-commerce and that Amazon.com prices its products competitively, especially in televisions. Meanwhile, Wal-Mart has improved its brands and presentation.

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