Nomura Securities Maintains a 'Buy' on Bed Bath and Beyond (BBBY); Q2 Preview

Nomura Securities maintains a 'Buy' on Bed Bath and Beyond (NASDAQ: BBBY) price target of $68.00.

Nomura analyst, Aram Rubinson, says, "Considering how intently BBBY manages its business for the long term, it is ironic that BBBY’s share price has been more rewarding to short-term traders. Investors holding BBBY shares for ten years would have earned a total return of 64%. Traders that bought BBBY shares for only one day per quarter (the earnings report) would have earned a total return of 85%. We believe that BBBY should exhibit another strong set of results. We see no reason to increase our +4.5% comp forecast at present. Our forecast implies a modest deceleration in the two-year comp. We continue to recommend an investment in BBBY shares."

For more ratings news on Bed Bath and Beyond click here and for the rating history of Bed Bath and Beyond click here.

Shares of Bed Bath and Beyond closed at $59.37 yesterday.

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