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UPDATE: Deutsche Bank Raises PT on Bed Bath & Beyond Following 1Q13 Results

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In a report published Thursday, Deutsche Bank analyst Mike Baker reiterated a Buy rating on Bed Bath & Beyond (NASDAQ: BBBY), and raised the price target from $74.00 to $78.00.

In the report, Deutsche Bank noted, “We see mixed results in BBBY's 1Q13 results, but in our opinion, comps above consensus and better than expected gross margins are the keys. We combine the improvement in margins along with slightly better than expected comps with favorable valuation, and maintain our Buy rating, especially with favorable macro trends.”

Bed Bath & Beyond closed on Wednesday at $70.00.

Latest Ratings for BBBY

DateFirmActionFromTo
Sep 2016CitigroupMaintainsSell
Sep 2016UBSMaintainsNeutral
Jun 2016Credit SuisseMaintainsNeutral

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Posted-In: Deutsche Bank Mike BakerAnalyst Color Price Target Analyst Ratings

 

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