UBS Maintains a 'Neutral' on Bed Bath and Beyond (BBBY); Solid Results, Guidance May Be Conservative
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Price: $4.35 -2.03%
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Bed Bath and Beyond (NASDAQ: BBBY) price target raised from $69 to $71.
Analyst, Michael Lasser, said, "The strong all-around results were highlighted by a healthy sales acceleration with a 6.8% comp increase (vs. our 4.0% est), which was a brisk acceleration on a multi-year stacked basis. This adds to BBBY’s recent track record, which has shown that it runs destination stores that fully participate when overall spending trends are humming and outperform when the environment is less robust. This quarter provided little evidence pointing to a slowdown even as the benefit of hot products like Keurig coffee makers fades in future periods."
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 $66.23 yesterday.
Analyst, Michael Lasser, said, "The strong all-around results were highlighted by a healthy sales acceleration with a 6.8% comp increase (vs. our 4.0% est), which was a brisk acceleration on a multi-year stacked basis. This adds to BBBY’s recent track record, which has shown that it runs destination stores that fully participate when overall spending trends are humming and outperform when the environment is less robust. This quarter provided little evidence pointing to a slowdown even as the benefit of hot products like Keurig coffee makers fades in future periods."
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 $66.23 yesterday.
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