Jefferies Reiterates Hold Rating on Bed Bath & Beyond on The Bar Being Set Too High on 2H

In a report published on Monday, Jefferies analyst John Marrin reiterated a Hold rating and a price target of $71 on Bed Bath & Beyond BBBY. In the report, Jefferies stated, "Bed Bath & Beyond shares have been riding the wave that is the housing trade, but we see the market hesitating as Bed Bath's margins decline while other home furnishings retailers experience margin expansion." Bed Bath & Beyond closed on Friday at $69.99.