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Morgan Stanley Reiterates Underweight Rating, $57 PT on Bed Bath & Beyond on Challenging Quarter

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In a report published Wednesday, Morgan Stanley analyst David Gober reiterated his Underweight rating and $57.00 price target on Bed Bath & Beyond (NASDAQ: BBBY).

In the report, Gober noted, “We remain UW shares and see 4Q as a challenging quarter for BBBY. Top-line compares vs. ‘11 are 270 bps more difficult and our AlphaWise survey shows taking meaningful share with Bed Bath's core consumers. We reduce 4Q comp estimates 30bp to 1.7% (cons 2.7%) and EPS to $1.66 (cons $1.68).”

Bed Bath & Beyond closed on Tuesday at $61.32.

Latest Ratings for BBBY

Oct 2015JefferiesInitiates Coverage onHold
Sep 2015CitigroupMaintainsNeutral
Sep 2015Credit AgricoleMaintainsNeutral

View More Analyst Ratings for BBBY
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings


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