Merrill Lynch Remains a Buy on Bed Bath & Beyond (BBBY)

Merrill Lynch analyst Curtis Nagle maintained a Buy rating on Bed Bath & Beyond (BBBY) today and set a price target of $16.00. The company’s shares closed last Tuesday at $8.39.

According to, Nagle is a 1-star analyst with an average return of -5.0% and a 45.6% success rate. Nagle covers the Consumer Goods sector, focusing on stocks such as At Home Group, Best Buy Co, and GameStop.

The word on The Street in general, suggests a Hold analyst consensus rating for Bed Bath & Beyond with a $9.42 average price target, a 23.6% upside from current levels. In a report issued on July 7, Raymond James also maintained a Buy rating on the stock with a $13.00 price target.

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The company has a one-year high of $17.79 and a one-year low of $3.43. Currently, Bed Bath & Beyond has an average volume of 14.17M.

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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. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables. The company was founded by Warren Eisenberg and Leonard Feinstein in 1971 and is headquartered in Union, NJ.

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