Citi Meets With Bed Bath & Beyond Management (BBBY)

Citi released a report detailing its meeting with Bed Bath & Beyond BBBY CEO, Steven Temares, and CFO, Eugene Castagna, which took place April 21st. Citi extracted some key information and provided insight into the management team at Bed Bath & Beyond including secrets to success, opportunities, and an evaluation of the company's financial performance. Following the meeting with management, Citi believes the top three secrets to success are, “1) focus on catering to the customer, 2) maintaining merchandise in stock, and 3) remaining flexible on store format, assortments, and pricing.” Due to the effective management strategies and consistent sales, Bed Bath & Beyond's price target has increased from $62 to $65 with a Buy rating. Bed Bath & Beyond is currently trading at $56.57