KeyBanc initiates Bed Bath & Beyond (BBBY) at UNDERWEIGHT and sees risks both within the store’s own operations and from growing competition. KeyBanc believes BBBY will lag because of:
- slowing core growth
- likely margin erosion from the ramp in growth at Christmas Tree Shops and buybuy Baby
KeyBanc initiates UNDERWEIGHT on Bed Bath & Beyond (BBBY), target $25.
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