UPDATE - Canaccord Genuity Downgrades Bed Bath & Beyond (BBBY) to Hold; Market Share Loss Makes Upside Limited
Tweet
Share
E-mailGet Alerts BBBY Hot Sheet
Price: $4.35 --0%
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
UPDATE - Canaccord Genuity downgrades Bed Bath & Beyond (Nasdaq: BBBY) from Buy to Hold. PT $73.
Analyst, Laura Champine, said, "We calculate that BBBY’s market share declined in Q4 for the first time this decade, and we expect a deceleration of top- and bottom-line growth in FY12 and beyond. We believe the company is vulnerable to market share losses given its meager online presence at 1%-2% of total sales."
"At its current valuation, BBBY trades in line with its five-year average multiples despite our expectations for decelerating top- and bottom-line growth."
To see more ratings on BBBY, Click Here
Analyst, Laura Champine, said, "We calculate that BBBY’s market share declined in Q4 for the first time this decade, and we expect a deceleration of top- and bottom-line growth in FY12 and beyond. We believe the company is vulnerable to market share losses given its meager online presence at 1%-2% of total sales."
"At its current valuation, BBBY trades in line with its five-year average multiples despite our expectations for decelerating top- and bottom-line growth."
To see more ratings on BBBY, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley Downgrades oOh!media (OML:AU) to Equalweight
- Goldman Sachs Downgrades Hysan Development Company Limited (14:HK) (HYSNY) to Sell
- Nomura/Instinet Downgrades Pop Mart International Group Ltd (9992:HK) to Neutral
Create E-mail Alert Related Categories
DowngradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
