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Fly News Breaks for September 20, 2017
BBBY
Sep 20, 2017 | 10:53 EDT
Loop Capital analyst Anthony Chukumba, who said in a prior first take research note last night that Bed Bath & Beyond's Q2 results and guidance were "much worse" than expected, is now calling the quarter "disastrous" in a new note. The analyst, who is disappointed in the company's "vague" turnaround plan and lack of intention to speed up store closings, cut his price target on the stock to $23 from $35 and keeps a Hold rating on the shares.
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