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JASRICH
2021-10-05

Bed Bath & Beyond falls back on BofA's radar as an underperformer

Bank of America picks up coverage again on Bed Bath & Beyond(NASDAQ:BBBY)with an Underperform rating

Bed Bath & Beyond falls back on BofA's radar as an underperformer

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The firm had taken a pause after the meme rally.</li>\n <li>BBBY is given credit for being in the middle of a compelling turnaround led by a strong management team, however it is noted that the company is still underperforming the industry and guidance is called optimistic. Analyst Jason Haas and team are also cautious that stay-at-home spending could decelerate and a more promotional industry environment could return.</li>\n <li>\"BBBY was able to pull back on promotions through the pandemic due to strong 'stay-a-home' demand, but our survey data shows consumers are returning to work. BBBY recently announced the departure of its Chief Brand Officer, and now plans to ramp back up use of its circulars. 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The firm had taken a pause after the meme rally.\nBBBY is given credit for being in the middle of a...</p>\n\n<a href=\"https://seekingalpha.com/news/3748991-bed-bath-beyond-falls-back-on-bofas-radar-as-an-underperformer\">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://seekingalpha.com/news/3748991-bed-bath-beyond-falls-back-on-bofas-radar-as-an-underperformer","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1132411108","content_text":"Bank of America picks up coverage again on Bed Bath & Beyond(NASDAQ:BBBY)with an Underperform rating. The firm had taken a pause after the meme rally.\nBBBY is given credit for being in the middle of a compelling turnaround led by a strong management team, however it is noted that the company is still underperforming the industry and guidance is called optimistic. 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Pre-pandemic, the company had a long history of margin pressure from overreliance on coupons.\"\nBofA assigns a price objective of $14 to BBBY.\nShares of BBBY are down 0.13% premarket to $15.68 vs. the52-week range of $15.62 to $53.90.","news_type":1},"isVote":1,"tweetType":1,"viewCount":580,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}