Seeking Alpha

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

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.
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