Bed Bath & Beyond: We Expect Margin Pressure To Persist Through FY14, Says Canaccord
In a research report issued yesterday, Canaccord analyst Laura Champine maintained a Hold rating on shares of Bed Bath & Beyond Inc. (BBBY) and a price target of $62.00.
The analyst noted, “We remain on the sidelines at this time. There is no clear near-term catalyst in place to drive a gross margin recovery in our view, and visibility into how long the current level of operational investments will continue remains limited”.
According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst Laura Champine currently has an average return of 7.8% and a 49% success rate. Champine has a 15% average profit recommending BBBY, and she is ranked #662 out of 3133 analysts.