Beyond Inc (BBBY) PT Lowered to $7 at Jefferies, 'the market will be hesitant to re-rate for anything else without clearer stabilization'

Jefferies analyst Jonathan Matuszewski lowered the price target on Beyond Inc (NYSE: BBBY) to $7.00 (from $9.00) while maintaining a Hold rating.

The analyst comments "Executive Chairman (and now CEO) Marcus Lemonis has been vocal about aspirations to expand beyond the '4 corners' of the home, essentially extending BBBY's core as a home furnishings marketplace into a multitude of other ventures. This morning's shareholder letter elaborates on this vision, which we view as compelling. Near-term, though, we're focused on the core and believe the market will be hesitant to re-rate for anything else without clearer stabilization."

You May Also Be Interested In

• York Space Systems (YSS) PT Lowered to $15 at Jefferies
• Indaptus Therapeutics (INDP) files for 59M share offering by selling stockholders
• argenx SE (ARGX) PT Raised to $1,353 at TD Cowen