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Fly News Breaks for February 2, 2017
BBBY
Feb 2, 2017 | 07:47 EDT
Loop Capital analyst Anthony Chukumba says Bed Bath & Beyond's (BBBY) acquisition of Chef Central, which is owned by the son of one of Bed Bath's co-Chairmen, "is consistent with a long pattern of questionable corporate governance" at the company. The analyst reiterates a Sell rating on the shares citing "excessive management compensation, limited investor communications, and head scratching acquisitions." He has a $35 price target for Bed Bath & Beyond.
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