Loop Capital analyst Anthony Chukumba keeps his Hold rating and $23 price target on Bed Bath & Beyond but raises the FY18 EPS view to $2.58 from $2.46 and revenue to $11.9B from $11.8B. The analyst reiterates that the company's buybuy BABY concept will be a "major beneficiary" of the Toys 'R liquidation, as over 90% of its 118 stores have a Babies 'R Us store within 10 miles, and the vast majority of product assortments is comparable at both brands. Chukumba adds that his price target puts a 9.4-times P/E multiple on Bed Bath's FY18 EPS view, which is a "slight premium" to other "secularly challenged specialty retailers".