Wedbush's Joan Storms is out with some positive commentary on Bed Bath & Beyond (BBBY +0.6%)...

|About: Bed Bath & Beyond Inc. (BBBY)|By:, SA News Editor

Wedbush's Joan Storms is out with some positive commentary on Bed Bath & Beyond (BBBY +0.6%) that echoes recent Canaccord sentiments and then some. The stock "should continue to benefit from industry dominance, good visibility for cross-merchandising opportunities," Storms says, adding that the "aggressive" investment in "new online platforms" should complement the roll-out of a new POS system nicely. The shares are reiterated at Outperform and the price target is raised to $81 from $77.