According to Friedman, Billings, Ramsey analyst Stephen Chick, Bed Bath & Beyond Inc. is not performing as well as expected. He gave the home retailer a rating of “Underperform” and a $26.50 per-share price target.

“We think that Bed Bath & Beyond’s financial struggles (under way since 3Q05) are more structural than the general consensus realizes,” Chick wrote Friday in a research note.

Via Forbes

Tags: bedbathandbeyond, furniture, Research

This entry was posted on Monday, September 8th, 2008 at 3:28 am and is filed under BED News.
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