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UPDATE: Oppenheimer Upgrades Bed Bath & Beyond (BBBY) to Outperform

July 25, 2013 6:38 AM EDT
Get Alerts BBBY Hot Sheet
Price: $0.08 --0%

Rating Summary:
    4 Buy, 17 Hold, 14 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 13
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(Updated - July 25, 2013 8:46 AM EDT)

Oppenheimer upgraded Bed Bath & Beyond (NASDAQ: BBBY) from Perform to Outperform with a price target of $92.00 (from $71.00). Analyst Brian Nagel thinks Q2 was a turning point for the company and thinks EPS growth will become more apparent as near term pressures ease. As a result, shares will trade at a higher multiple.

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

Shares of Bed Bath & Beyond closed at $75.94 yesterday.


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