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

Wells Fargo analyst Zachary Fadem maintained a Sell rating on Bed Bath & Beyond (BBBYResearch Report) today and set a price target of $5.00. The company’s shares closed last Thursday at $7.13, close to its 52-week low of $5.95.

According to TipRanks.com, Fadem is a 5-star analyst with an average return of 16.6% and a 62.1% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, National Vision Holdings, and Floor & Decor Holdings.

Bed Bath & Beyond has an analyst consensus of Moderate Sell, with a price target consensus of $8.00, a 22.1% upside from current levels. In a report issued on June 13, KeyBanc also maintained a Sell rating on the stock with a $6.00 price target.

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The company has a one-year high of $39.30 and a one-year low of $5.95. Currently, Bed Bath & Beyond has an average volume of 5.78M.

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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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