Sterne Agee Reiterates Neutral on Bed Bath and Beyond

Sterne Agee reiterated its Neutral rating on Bed Bath and Beyond BBBY. In a research report published today, Sterne Agee stressed its optimism about the company's long-term performance, but also some obstacles the company needs to overcome in the short-term. In the report, Sterne Agee states, "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)." On Monday, BBBY finished the day at $52.59. Its shares added 1.43% to their value in today's pre-market trading to stand around $53.34.