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UPDATE: Citigroup Upgrades Bed Bath & Beyond to Buy on Valuation, Differentiation Improvement

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Citigroup upgraded Bed Bath & Beyond (NASDAQ: BBBY) from Neutral to Buy and raised the price target from $63.00 to $67.00.

Citigroup commented, "We are upgrading BBBY to Buy based on five key considerations: 1) attractive valuation due to ongoing stock weakness, 2) lapping of easier comparisons on GM and SG&A (~anniversarying increased coupon conversion and eCommerce investments), 3) internet threat appears overdone (, 4) differentiation through Cost Plus, Harmon and Registry businesses, and 5) sq ftg growth opportunities with buybuy BABY."

Bed Bath & Beyond closed at $58.35 on Monday.

Latest Ratings for BBBY

Sep 2015CitigroupMaintainsNeutral
Sep 2015Credit AgricoleMaintainsNeutral
Sep 2015Telsey Advisory GroupUpgradesUnderperformMarket Perform

View More Analyst Ratings for BBBY
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Upgrades Analyst Ratings


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