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Guidance cut clips Bed Bath & Beyond, shares -5.7%

  • Bank of America downgrades Bed Bath & Beyond (BBBY) to a Neutral rating from Buy following the retailer's in-line Q4 report and lowered guidance.
  • The outlook for FY15 EPS from BBBY is for mid single digit growth vs. 10% consensus as softer traffic patterns persist.
  • BBBY -5.7% premarket
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