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Oppenheimer Initiates Coverage on Several Retailers

May 27, 2009 9:14 AM EDT
BBBY Hot Sheet
Rating Summary:
    9 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 22
Oppenheimer initiates coverage on several retailers:

Oppenheimer initiates coverage on Bed Bath & Beyond (Nasdaq: BBBY) (PT $42), hhgregg (NYSE: HGG) (PT $27), Life Time Fitness (NYSE: LTM) (PT $27), Lowe's (NYSE: LOW) (PT $28), OfficeMax (NYSE: OMX) (PT $11) & Staples (Nasdaq: SPLS) (PT $28) with an Outperform.

Oppenheimer initiates coverage on AutoZone (NYSE: AZO) (PT $161), Best Buy (NYSE: BBY) (PT $40),
CarMax (NYSE: KMX) (PT $11), Home Depot (NYSE: HD) (PT $27), O'Reilly Automotive (Nasdaq: ORLY) (PT $38), PetSmart (Nasdaq: PETM) (PT $21), Pier 1 Imports (NYSE: PIR) (PT $2), RadioShack (NYSE: RSH) (PT $13), Tractor Supply (Nasdaq: TSCO) (PT $39), & Williams-Sonoma (NYSE: WSM) (PT $12) with a Perform.

Oppenheimer initiates coverage on Advance Auto Parts (NYSE: AAP) (PT $39) & Office Depot (NYSE: ODP) (PT $3) with an Underperform rating.

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