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Fly News Breaks for March 20, 2019
BBBY
Mar 20, 2019 | 07:57 EDT
Evercore ISI analyst Oliver Wintermantel started Bed Bath & Beyond (BBBY) with an Underperform rating and $12 base case price target, stating that the company faces mounting pressure from online competition, discounters and clubs. The two largest home furnishing retailers, Walmart (WMT) and Target (TGT), "are not standing still," while Wayfair (W) and Amazon (AMZN) are "catching up fast," Wintermantel tells investors.
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