UPDATE: Goldman Sachs Downgrades Bed Bath & Beyond to Sell on Valuation, Margin Compression
Goldman Sachs downgraded Bed Bath & Beyond (NASDAQ: BBBY ) from Neutral to Sell and lowered the price target from $66.00 to $56.00. Goldman Sachs commented, "We downgrade BBBY to Sell from Neutral, and reduce our 12-month target to $56 from $66 on a modest estimate reduction and lower valuation.
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