B. Riley analyst Susan Anderson initiated coverage of Bed Bath & Beyond with a Buy rating and $44 price target, which represents 32% potential upside from current levels. The new management team has made “significant improvements” to reduce the cost structure and make necessary investments to elevate the company into a top omni-channel retailer in the bed, bath, and home space, Anderson tells investors in a research note. The stock’s current valuation is “depressed because the Street is not fully accounting for significant margin improvements from management’s initiatives,” says the analyst.