Bed Bath & Beyond Inc. (Nasdaq: BBBY) reported a greater than expected drop in same store sales for the fourth quarter and forecast disappointing results for fiscal 2018 prompting Wedbush to cut its price target from $23.00 to $18.00 and Credit Suisse to lower its price target from $25.00 to $20.00. Shares of the retailer plummeted $4.29 to close at $17.21.
Price target cut on Bed Bath & Beyond
April 12, 2018 at 18:32 PM EDT