Goldman Sachs Raises PT On BBBY To $62

Goldman Sachs has issued a report raising the Price Target on Bed Bath & Beyond BBBY from $56 to $62 a share. According to the report, "We raise our 12-month price target to $62 from $56, on our estimate hikes, the expectation of some favorable re-rating based on strong results, and the roll-forward of forecasts in our N12M framework." BBBY is rated Neutral and closed yesterday at $49.39 a share.