UPDATE: Citigroup Upgrades Bed Bath & Beyond to Buy on Valuation, Differentiation Improvement
Posted on February 05, 2013 at 07:59 AM EST
Citigroup upgraded Bed Bath & Beyond (NASDAQ: BBBY ) from Neutral to Buy and raised the price target from $63.00 to $67.00. Citigroup commented, "We are upgrading BBBY to Buy based on five key considerations: 1) attractive valuation due to ongoing stock weakness, 2) lapping of easier comparisons on GM