Bed Bath & Beyond Inc (fka BBBYQ)

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Bed Bath & Beyond: Another Day, Another Short Squeeze
January 27 2021 - 05:28PM
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Struggling retailer? Check. High short interest? Check. Soaring share price? Why, of course. Bed Bath & Beyond (BBBY) is displaying all the characteristics of a high-flying name in January 2021’s wacked stock market. BBBY shares are up by 198% year-to-date, driven by... well, not much really. Which is why Raymond James analyst Bobby Griffin has just downgraded BBBY from Strong Buy to Market Perform (i.e. Hold). The analyst’s $26 price target remains, suggesting downside of 29% from current levels. (To watch Griffin’s track record, click here) The downgrade is not “a reflection on Bed Bath & Beyond's turnaround potential," the 5-star analyst said.
https://www.tipranks.com/news/article/bed-bath-beyond-another-day-another-short-squeeze