Bed Bath & Beyond (BBBY) PT Lowered to $27 at KeyBanc

KeyBanc lowered its price target on Bed Bath & Beyond (NASDAQ: BBBY) to $27.00 (from $35.00) while maintaining a Underweight rating.

Analyst Bradley Thomas says the valuation is inexpensive but is bothered by sales and margin pressure. He expects such pressure to continue.

FY 2017 EPS estimate falls from $4.35 to $4.15 and FY 2018 EPS estimate falls from $4.30 to $3.95.

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