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2021-07-01

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B. Riley initiates coverage of Bed Bath & Beyond, says Reddit favorite can rise 30%

B. Riley initiated coverage of Reddit favorite Bed Bath & Beyond on Wednesday and said its share pri

B. Riley initiates coverage of Bed Bath & Beyond, says Reddit favorite can rise 30%

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Riley initiates coverage of Bed Bath & Beyond, says Reddit favorite can rise 30%","url":"https://stock-news.laohu8.com/highlight/detail?id=1150986321","media":"CNBC","summary":"B. Riley initiated coverage of Reddit favorite Bed Bath & Beyond on Wednesday and said its share pri","content":"<div>\n<p>B. Riley initiated coverage of Reddit favorite Bed Bath & Beyond on Wednesday and said its share price could surge more then 30%.\n“We believe BBBY’s new management team has made significant ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/01/b-riley-initiates-bed-bath-beyond-coverage-says-price-can-rise-30percent.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>B. 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Riley initiates coverage of Bed Bath & Beyond, says Reddit favorite can rise 30%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 20:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/01/b-riley-initiates-bed-bath-beyond-coverage-says-price-can-rise-30percent.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>B. Riley initiated coverage of Reddit favorite Bed Bath & Beyond on Wednesday and said its share price could surge more then 30%.\n“We believe BBBY’s new management team has made significant ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/01/b-riley-initiates-bed-bath-beyond-coverage-says-price-can-rise-30percent.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"3B家居"},"source_url":"https://www.cnbc.com/2021/07/01/b-riley-initiates-bed-bath-beyond-coverage-says-price-can-rise-30percent.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1150986321","content_text":"B. Riley initiated coverage of Reddit favorite Bed Bath & Beyond on Wednesday and said its share price could surge more then 30%.\n“We believe BBBY’s new management team has made significant improvements to reduce the cost structure and make necessary investments to elevate BBBY into a top omni-channel retailer in the bed, bath, and home space,” B. Riley’s Susan Anderson said in a note.\nAnderson lauded the company’s plans to cut costs by closing stores while improving profit through e-commerce and proprietary brands.\nThe firm gave the retail stock a buy rating and set its price target at $44, implying 32.2% upside from Wednesday’s closing price of $33.29.\nThe call comes after the stock saw wild trading on Wednesday following mixed first-quarter fiscal results, with its price falling, then surging as more than 50 million shares changing hands.\nBed Bath & Beyond shares are up more than 87% in 2021 amid speculative trading as the company garnered enthusiasm from retail investors, similar to moves seen in GameStop and AMC this year.\nEven given the stock’s massive rally this year, B. Riley believes Bed Bath & Beyond’s shares are undervalued.\n“We believe that BBBY should be trading closer to peer valuations due to the significant progress the company has made,” Anderson said.\nThe firm also noted that the company should see a boost during back-to-school season as college students who stayed home last year during the pandemic will now buy dorm room products for on-campus learning.","news_type":1},"isVote":1,"tweetType":1,"viewCount":63,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}