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2021-07-01

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B. Riley initiates coverage of Bed Bath & Beyond, says Reddit favorite can rise 30%

B. Riley initiated coverage of Reddit favorite Bed Bath & Beyond on Wednesday and said its share pri

B. Riley initiates coverage of Bed Bath & Beyond, says Reddit favorite can rise 30%

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Riley initiated coverage of Reddit favorite Bed Bath & Beyond on Wednesday and said its share price could surge more then 30%.\n“We believe BBBY’s new management team has made significant ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/01/b-riley-initiates-bed-bath-beyond-coverage-says-price-can-rise-30percent.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>B. 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Riley initiates coverage of Bed Bath & Beyond, says Reddit favorite can rise 30%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 20:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/01/b-riley-initiates-bed-bath-beyond-coverage-says-price-can-rise-30percent.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>B. Riley initiated coverage of Reddit favorite Bed Bath & Beyond on Wednesday and said its share price could surge more then 30%.\n“We believe BBBY’s new management team has made significant ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/01/b-riley-initiates-bed-bath-beyond-coverage-says-price-can-rise-30percent.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"3B家居"},"source_url":"https://www.cnbc.com/2021/07/01/b-riley-initiates-bed-bath-beyond-coverage-says-price-can-rise-30percent.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1150986321","content_text":"B. Riley initiated coverage of Reddit favorite Bed Bath & Beyond on Wednesday and said its share price could surge more then 30%.\n“We believe BBBY’s new management team has made significant improvements to reduce the cost structure and make necessary investments to elevate BBBY into a top omni-channel retailer in the bed, bath, and home space,” B. Riley’s Susan Anderson said in a note.\nAnderson lauded the company’s plans to cut costs by closing stores while improving profit through e-commerce and proprietary brands.\nThe firm gave the retail stock a buy rating and set its price target at $44, implying 32.2% upside from Wednesday’s closing price of $33.29.\nThe call comes after the stock saw wild trading on Wednesday following mixed first-quarter fiscal results, with its price falling, then surging as more than 50 million shares changing hands.\nBed Bath & Beyond shares are up more than 87% in 2021 amid speculative trading as the company garnered enthusiasm from retail investors, similar to moves seen in GameStop and AMC this year.\nEven given the stock’s massive rally this year, B. 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