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BBBY

Bed Bath & Beyond

$21.50

0.27 (1.27%)

11:02
04/12/18
04/12
11:02
04/12/18
11:02

Bed Bath & Beyond downgraded to Underperform at Raymond James

As previously reported, Raymond James analyst Beryl Bugatch downgraded Bed Bath & Beyond to Underperform from Market Perform following quarterly results. Despite the array of initiatives announced by management, a key issue for the analyst is that the fleet of over 1,000 legacy Bed Bath & Beyond stores continue to deliver in-store mid-single-digit comp sales declines. Without some underlying growth in management generated earnings over the next two years, shareholder value is likely to erode further, he adds. Nonetheless, Bugatch points out that at its current valuation, Bed Bath may attract "activist" interest.

BBBY Bed Bath & Beyond
$21.50

0.27 (1.27%)

04/12/18
MSCO
04/12/18
NO CHANGE
Target $16
MSCO
Underweight
Bed Bath & Beyond price target lowered to $16 from $20 at Morgan Stanley
Morgan Stanley analyst Simeon Gutman said he is not convinced Bed Bath & Beyond's revenue will respond to the company's initiatives. Beyond a lift from the Babies R' Us bankruptcy, it is hard for him to see how the company can drive positive same-store sales without the aid of promotions, Gutman tells investors. He maintains an Underweight rating on Bed Bath shares and lowered his price target on the stock to $16 from $20.
04/12/18
RAJA
04/12/18
DOWNGRADE
RAJA
Underperform
Bed Bath & Beyond downgraded to Underperform at Raymond James
04/12/18
LOOP
04/12/18
NO CHANGE
LOOP
Bed Bath & Beyond price target lowered to $18 from $23 at Loop
Loop Capital analyst Anthony Chukumba lowered his price target on Bed Bath & Beyond to $18 from $23 and maintained a Hold rating following the company's "much worse-than-expected" FY18 earnings guidance and subsequent sell-off.
04/12/18
04/12/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Paycom (PAYC) downgraded to Equal Weight from Overweight at Barclays with analyst Raimo Lenschow saying the stock has meaningfully outperformed over the last year while estimate revisions have been limited. 2. J.B. Hunt (JBHT) downgraded to Sector Weight from Overweight at KeyBanc. 3. Devon Energy (DVN) downgraded to Outperform from Focus List at Scotia Howard Weil. 4. PJT Partners (PJT) downgraded to Hold from Buy at Sandler O'Neill with analyst Sumeet Mody saying after appreciating 17% year-to-date, the stock is approaching fair value. 5. Bed Bath & Beyond (BBBY) downgraded to Underperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BOLD

Audentes Therapeutics

$33.74

0.7 (2.12%)

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Audentes Therapeutics initiated at Citi »

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  • 12

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VNOM

Viper Energy

$38.06

-0.29 (-0.76%)

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SCPH

scPharmaceuticals

$4.94

-0.43 (-8.01%)

20:25
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  • 24

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MDT

Medtronic

$90.06

-0.54 (-0.60%)

, TJX

TJX

$101.68

1.33 (1.33%)

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Earnings
Notable companies reporting before tomorrow's open »

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MDT

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TJX

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$101.68

1.33 (1.33%)

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COTY

Coty

$12.41

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PINC

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$38.35

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  • 21

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BHP

BHP Billiton

$48.30

0.38 (0.79%)

19:33
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TGE

Tallgrass Energy

$26.23

0.63 (2.46%)

19:23
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19:23
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Recommendations
Tallgrass Energy analyst commentary at MUFG »

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TLRY

Tilray

$35.91

5.2 (16.93%)

19:18
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  • 28

    Aug

LFL

LATAM Airlines

$0.00

(0.00%)

19:10
08/20/18
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19:10
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Earnings
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MNOV

MediciNova

$8.99

-0.11 (-1.21%)

19:08
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HTZ

Hertz

$21.05

0.155 (0.74%)

, FN

Fabrinet

$44.00

0.365 (0.84%)

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HTZ

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FN

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WDAY

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$143.17

0.52 (0.36%)

SITO

Sito Mobile

$1.99

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NDSN

Nordson

$134.67

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APPN

Appian

$36.23

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CREE

Cree

$46.42

0.99 (2.18%)

MELI

MercadoLibre

$319.70

-4.3 (-1.33%)

03/08/13
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  • 20

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  • 04

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IBKR

Interactive Brokers

$61.99

0.76 (1.24%)

18:43
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MSFT

Microsoft

$106.87

-0.71 (-0.66%)

18:29
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LinkedIn to let economics researchers mine its data »

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  • 04

    Sep

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GSB

GlobalSCAPE

$3.46

(0.00%)

18:27
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  • 10

    Oct

BHP

BHP Billiton

$48.30

0.38 (0.79%)

18:24
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Earnings
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LII

Lennox

$225.37

2.76 (1.24%)

18:19
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Earnings
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GDI

Gardner Denver

$28.29

0.36 (1.29%)

18:10
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Initiation
Gardner Denver initiated at Morgan Stanley »

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MMM

3M

$204.57

-0.24 (-0.12%)

18:09
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Initiation
3M initiated at Morgan Stanley »

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ETN

Eaton

$81.33

0.35 (0.43%)

18:05
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Initiation
Eaton initiated at Morgan Stanley »

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FLS

Flowserve

$51.51

0.16 (0.31%)

18:01
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Initiation
Flowserve initiated at Morgan Stanley »

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ITW

Illinois Tool Works

$138.37

-1.05 (-0.75%)

17:59
08/20/18
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17:59
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Initiation
Illinois Tool Works initiated at Morgan Stanley »

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CFX

Colfax

$33.28

0.62 (1.90%)

17:56
08/20/18
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Initiation
Colfax initiated at Morgan Stanley »

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ALLE

Allegion

$86.97

0.26 (0.30%)

17:54
08/20/18
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17:54
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Initiation
Allegion initiated at Morgan Stanley »

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CGNX

Cognex

$52.42

0.02 (0.04%)

17:53
08/20/18
08/20
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Initiation
Cognex initiated at Morgan Stanley »

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UTX

United Technologies

$135.14

0.73 (0.54%)

17:47
08/20/18
08/20
17:47
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Periodicals
United Technologies buys analytics firm Predikto, Dow Jones says »

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JCI

Johnson Controls

$38.73

0.48 (1.25%)

17:47
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Initiation
Johnson Controls initiated at Morgan Stanley »

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