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Fly News Breaks for June 23, 2017
BBBY
Jun 23, 2017 | 09:09 EDT
BofA/Merrill analyst Curtis Nagle cut Bed Bath & Beyond's price target to $27 from $33 and reiterated his Underperform rating following another disappointing quarter driven by "much weaker" than expected store comps, deteriorating sales, and the continued shift to the low margin online channel.
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