Bed Bath & Beyond (BBBY) Gets a Sell Rating from Wells Fargo


Wells Fargo analyst Zachary Fadem reiterated a Sell rating on Bed Bath & Beyond (BBBY) today and set a price target of $13. The company’s shares opened today at $17.44.

According to TipRanks.com, Fadem is a 4-star analyst with an average return of 9.7% and a 67.5% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.

Currently, the analyst consensus on Bed Bath & Beyond is a Moderate Sell with an average price target of $13.11, implying a -24.8% downside from current levels. In a report issued on March 20, Evercore ISI also initiated coverage with a Sell rating on the stock with a $12 price target.

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The company has a one-year high of $21.74 and a one-year low of $10.46. Currently, Bed Bath & Beyond has an average volume of 6.82M.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.

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Bed Bath & Beyond, Inc. engages in the operation of retail stores and retails domestics merchandise and home furnishings. It operates through the Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat!, Harmon or Harmon Face Values, buybuy BABY, and World Market, Cost Plus World Market or Cost Plus brands.

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