In a report published Friday, Gilford Securities analyst Bernard Sosnick reiterated a Buy rating on Bed Bath & Beyond (NASDAQ: BBBY).
In the report, Gilford Securities noted, “Retailers with strategic vision are developing omnichannel capabilities to seize e-commerce opportunities and to keep stores relevant in a digital age. Along with BBBY, those in the omnichannel vanguard, Macy’s, Nordstrom, and Finish Line, have the financial strength and earning power to absorb the capital requirements and expense increases. There is no assurance success will come to the omnichannel vanguard, but we believe with certainty that laggards will lose market share. BBBY is also transforming its merchandise offerings to enhance the drawing power of its websites and stores as shopping patterns change. A new multi-faceted company is emerging.” Bed Bath & Beyond closed on Thursday at $70.10.
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Posted in: Analyst Color, Reiteration, Analyst Ratings