Bed Bath And Beyond Bombarded With A Double Downgrade

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Bed Bath and Beyond
BBBY
shares are trading lower by $1 at $43.06 in Wednesday's session. The issue was subject to rare double downgrade before the open. Key Banc downgraded the issue from Sector Weight to Underweight and Citigroup downgraded the issue from Neutral to Sell. After a lower open, it immediately bottomed at $42.09 and staged a rally to $43.79. The current low coincides with its January 20 low at $41.71.
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