Bed, Bath & Beyond estimates, price target raised

From MarketWatch:

Home-furnishings retailer Bed, Bath & Beyond Inc.’s profit estimates and price target are raised by Bank of America Merrill Lynch on Monday ahead of the company’s fourth-quarter release on April 7. Broad-based improvement in home goods sector and the lack of its former rival Linens ‘n Things’ liquidation sales in December 2008 should both benefit the retailer, analyst Alan Rifkin said. He raised his target price on the stock to $50 from $44 a share. He raised his fourth-quarter profit estimate to 77 cents a share from 71 cents a share previously with same-store sales projected to rise 6%.

Posted by on March 29th, 2010 at 8:39 am

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