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Fly News Breaks for December 24, 2015
BBBY
Dec 24, 2015 | 08:04 EDT
JPMorgan analyst Christopher Horvers cut his price target for Bed Bath & Beyond to $53 following the company's negative Q3 preannouncement. Comp trends continue to slow, and gross margin pressure from online retailers will continue, Horvers tells investors in a research note. He keeps a Neutral rating on the retailer.
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