Jefferies Lifts Numbers on Bed Bath and Beyond (BBBY) Ahead of Wednesday's Q3 Report

Jefferies raised its price target on Bed Bath and Beyond (NASDAQ: BBBY) from $67 to $72 ahead of Q3 results on Wednesday. The firm reiterated their Buy rating.

The firm comments, "We continue to like these shares for the long haul for a variety of reasons, but don’t see a reason to rush into a position ahead of this print, particularly as sales in 4Q are likely off to a slow start against a challenging compare."

Q3 EPS estimates go from $0.88 to $0.91, FY stays at $3.83 and next year moves from $4.45 to $4.50.

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

Shares of Bed Bath and Beyond closed at $60.68 yesterday.

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