Market Overview

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

Share:
Related BBBY
Don't Get Burned By The 'Death Of The Mall' Trade
A Leveraged Buyout Of Bed Bath & Beyond Unlikely To Bail Out Investors
Google Home Takes On Amazon Echo With Shopping Support (Investor's Business Daily)

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 (~casa.com), 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

DateFirmActionFromTo
Dec 2016Raymond JamesDowngradesStrong BuyMarket Perform
Dec 2016Loop CapitalInitiates Coverage OnSell
Sep 2016CitigroupMaintainsSell

View More Analyst Ratings for BBBY
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Upgrades Analyst Ratings

 

Related Articles (BBBY)

View Comments and Join the Discussion!