UPDATE - Canaccord Genuity Downgrades Bed Bath & Beyond (BBBY) to Hold; Market Share Loss Makes Upside Limited

Article Stock Quotes (1) Comments (0)

UPDATE - Canaccord Genuity downgrades Bed Bath & Beyond (Nasdaq: BBBY) from Buy to Hold. PT $73.

Analyst, Laura Champine, said, "We calculate that BBBY’s market share declined in Q4 for the first time this decade, and we expect a deceleration of top- and bottom-line growth in FY12 and beyond. We believe the company is vulnerable to market share losses given its meager online presence at 1%-2% of total sales."

"At its current valuation, BBBY trades in line with its five-year average multiples despite our expectations for decelerating top- and bottom-line growth."

To see more ratings on BBBY, Click Here

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Wedbush Downgrades salesforce.com (CRM) to Neutral
• BMO Capital Downgrades Nordson (NDSN) to Market Perform
• Albert Fried Downgrades Pandora (P) to Market Perform

Create E-mail Alert Related Categories

Downgrades

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?