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Fly News Breaks for April 9, 2015
BBBY
Apr 9, 2015 | 05:51 EDT
Wells Fargo views Bed Bath & Beyond's Q4 results as mixed with earnings in-line with expectations and comps slightly below. The firm remains cautious on the stock with the retailer entering another year of investments around omnichannel initiatives and analytics. It notes Bed Bath's guidance suggests further declines in operating income. Wells keeps a Market Perform rating on the stock with a $65-$70 price target range.
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