Barclays Maintains an 'Overweight' on Bed Bath & Beyond (BBBY); Casa.com Launches: The Latest E-commerce Threat
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Price: $0.08 --0%
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
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Barclays maintains an 'Overweight' on Bed Bath & Beyond (NASDAQ: BBBY) price target of $70.00.
Analyst, Alan M. Rifkin, said, "Backed by Amazon.com (Nasdaq: AMZN), Casa.com is the latest in a family of brands founded by Marc Lore and
Vinit Bharara that includes Wag.com, Yoyo.com, Diapers.com and Soap.com...
"...BBBY remains a Top Pick. Casa.com is entering a crowded online marketplace with limited brand recognition. In our view, it is likely that to take some time - at least 12 to 18 months - before Casa.com gains any meaningful traction, even with the backing of Amazon.com..."
Rifkin feels Casa.com could eventually pose a moderate threat to BBBY, and there is overlapping from companies like Pier 1 (NYSE: PIR) and Williams-Sonoma (NYSE: WSM), but ultimately feels that online furnishing and home decor are less vulnerable to brick and mortars than electronics were.
For an analyst ratings summary and ratings history on Bed Bath and Beyond click here. For more ratings news on Bed Bath and Beyond click here.
Shares of Bed Bath and Beyond closed at $57.94 yesterday.
Analyst, Alan M. Rifkin, said, "Backed by Amazon.com (Nasdaq: AMZN), Casa.com is the latest in a family of brands founded by Marc Lore and
Vinit Bharara that includes Wag.com, Yoyo.com, Diapers.com and Soap.com...
"...BBBY remains a Top Pick. Casa.com is entering a crowded online marketplace with limited brand recognition. In our view, it is likely that to take some time - at least 12 to 18 months - before Casa.com gains any meaningful traction, even with the backing of Amazon.com..."
Rifkin feels Casa.com could eventually pose a moderate threat to BBBY, and there is overlapping from companies like Pier 1 (NYSE: PIR) and Williams-Sonoma (NYSE: WSM), but ultimately feels that online furnishing and home decor are less vulnerable to brick and mortars than electronics were.
For an analyst ratings summary and ratings history on Bed Bath and Beyond click here. For more ratings news on Bed Bath and Beyond click here.
Shares of Bed Bath and Beyond closed at $57.94 yesterday.
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