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Fly News Breaks for February 27, 2018
BBBY
Feb 27, 2018 | 06:47 EDT
Loop Capital analyst Anthony Chukumba keeps his Hold rating and $23 price target on Bed Bath & Beyond but raises his FY18 EPS forecast by 8.8%. Chukumba notes the latest press speculation that Toys 'R Us plans to close another 200 stores and lay off a significant portion of its corporate staff, estimating up to 25c in annual related accretion to Bed Bath & Beyond through higher market share for its buybuy Baby concept.
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