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Fly News Breaks for September 20, 2017
BBBY
Sep 20, 2017 | 07:14 EDT
UBS analyst Michael Lasser said Bed Bath & Beyond's Q2 report highlighted some of the structural challenges its business model faces and he sees no signs of its margins stabilizing. He thinks much of its $150M savings plan will need to be reinvested while higher shipping costs and competitive pressures will remain headwinds, he tells investors in a post-earnings research note. Lasser lowed his price target on the Bed Bath to $24 from $30 and keeps a Neutral rating on the stock.
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