Goldman Sachs Downgrades Bed Bath & Beyond (BBBY) to Sell; Losing Share

January 28, 2013 6:57 AM EST
Get Alerts BBBY Hot Sheet
Price: $39.97 -1.75%

Rating Summary:
    6 Buy, 21 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Goldman Sachs downgraded Bed Bath & Beyond (NASDAQ: BBBY) from Neutral to Sell with a price target of $56.00 (from $66.00).

Goldman comments, "The firm is losing share, as margins decline; we believe online share incursions and price image are contributing to this challenge, and that BBBY's best-in-class visual and item merchandising do not translate well online; margins and sales productivity are still quite close to peak levels; and, acquisitions offer options to gain share, but no clear path."

For an analyst ratings summary and ratings history on Bed Bath & Beyond click here. For more ratings news on Bed Bath & Beyond click here.

Shares of Bed Bath & Beyond closed at $59.78 yesterday.

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