Skip to main content

Market Overview

UPDATE: Credit Suisse Downgrades Bed Bath & Beyond


In a report published Thursday, Credit Suisse analyst Simeon Gutman downgraded Bed, Bath & Beyond (NASDAQ: BBBY) to Neutral from Outperform, with a $78.00 price target.

According to the report, BBBY has been overweight home improvement and housing related names on the belief that there remains pent-up demand for this sector.

“We also believe that a significant driver of spending in this segment will be the gradual pickup in household formation as millennials move out of their parents' homes,” the report said. “However, we believe that the better near-term trade to play this trend remains the two home improvement names, HD and LOW, both of which will also benefit from the disintegration of Sears.”

The report further asserted that many of the home furnishing names will be a later deriviative trade on the above. BBBY currently enjoyed a strong stock year in 2013, revoking the undervalued trade and with trends still weaker than hoped on both the top-line and gross margins, analysts do not envision enough upside to recommend the stock.

BBBY closed Wednesday at $79.68.

Latest Ratings for BBBY

Feb 2021Odeon CapitalUpgradesHoldBuy
Feb 2021KeyBancDowngradesSector WeightUnderweight
Jan 2021B of A SecuritiesDowngradesBuyNeutral

View More Analyst Ratings for BBBY
View the Latest Analyst Ratings


Related Articles (BBBY)

View Comments and Join the Discussion!

Posted-In: Credit Suisse Simeon GutmanAnalyst Color Downgrades Analyst Ratings

Latest Ratings

FSRMorgan StanleyMaintains40.0
MEDDA DavidsonMaintains302.0
VICRBWS FinancialMaintains120.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at