Bed Bath & Beyond Inc 2Q Earnings Optimistic
Bed Bath & Beyond Inc has posted their 2Q earnings and is happy to report a share price growth. KeyBanc Capital Markets analyst Bradley Thomas told investors in a research note that he believes the retailer faces risks in the second half of the year.
“(Bed Bath & Beyond) remains one of the most expensive stocks in our coverage universe, and appears priced for perfection at a time when most retailers are struggling,” Thomas told investors. “While (they’re) clearly a best-in-class retailer, we believe expectations going into earnings in the next several quarters will be set high. Given our cautious view on the consumer, lofty valuation for the stock, and high expectations from investors, we continue to have a negative view on shares.”
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Categories: BED News.
