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Fly News Breaks for September 25, 2015
BBBY
Sep 25, 2015 | 08:49 EDT
After Bed Bath & Beyond reported in-line results, SunTrust says that the company's two and three year comp growth accelerated. The firm says that the company continues to benefit from "ongoing operational improvement, better e-commerce functionality, and early gains in cross-concept merchandising/marketing." The firm thinks that the stock's valuation is attractive. It cut its price target on the stock to $75 from $88 but keeps a Buy rating on the shares.
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