Sterne Agee Maintains Neutral on Bed Bath & Beyond (BBY)

Sterne Agee is out with its report today on Bed Bath & Beyond BBBY, maintaining Neutral. In a note to clients, Sterne Agee writes, "While we continue to view BBBY as a strong and consistent operator with viable long-term growth prospects, we note that potential for operating margin leverage remains hampered in the near to intermediate term by negative mix shift to lower margin categories (both within the core BBB concept and from growth of the newer/lower margin concepts)." At the time of posting, shares of BBBY were trading at $54.39, up 10.12% from Wednesday's close.