Don't be surprised if this damaged retail stock falls as low as 10 cents a share, according to KeyBanc Capital Markets.
Don't be surprised if beaten-down retail stock Bed Bath & Beyond falls even more from here, according to KeyBanc Capital Markets. Analyst Bradley Thomas reiterated his underweight rating on shares, slashing his price target by 95% to 10 cents from $2 after the retailer pre-announced disappointing quarterly results and warned that it could pursue bankruptcy protection.
"We do not see Bed Bath & Beyond as a strategic fit for any of the home furnishings retailers in our coverage group, but see interest from retailers in the company's Bed Bath & Beyond store leases, which are ~30,000 sq. ft. and generally in good locations," wrote analyst Cristina Fernández in a Friday note.
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Bed Bath & Beyond shares plummet as company warns of deeper financial troubles
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Bed Bath & Beyond Shares Plunge as It Explores BankruptcyBed Bath & Beyond said there is doubt about its ability to keep operations funded as sales continue to fall. Shares dropped more than 18% premarket.
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Bed Bath & Beyond delivers grim warningBed Bath & Beyond delivered a grim warning to shareholders and customers about its future.
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