Jefferies Has Buy Rating On Bed Bath & Beyond

Jefferies & Co. has a Buy rating and a $62 price target on shares of Bed Bath & Beyond BBBY. In a note to clients, Jefferies writes, "We reiterate our Buy rating and recommend building positions ahead of the 1Q release on Wednesday evening. There is some concern about the company's ability to continue its string of upside surprises, but our field research gives us confidence Bed Bath will exceed expectations." Shares of BBBY lost 87 cents yesterday to close at $51.99, a loss of 1.65%.