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Fly News Breaks for September 20, 2017
BBBY
Sep 20, 2017 | 08:49 EDT
Credit Suisse analyst Seth Sigman lowered his price target for Bed Bath & Beyond to $25 from $33 after Q2 results came in well below expectations due to weaker store comps and gross margin, and higher expenses. The analyst notes that while Bed Bath & Beyond is clearly not alone in these challenges, it is difficult to "see the light at the end of the tunnel." Sigman reiterates a Neutral rating on the shares.
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