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Why Bed Bath & Beyond Stock Flopped on Friday

Eric Volkman, The Motley Fool
·1-min read

After it published quarterly earnings Wednesday that missed on both the top and bottom lines, the company was hit by a clutch of analyst price target cuts in the ensuing days. As if that wasn't concerning enough, on the same day, the company announced that CEO Mark Tritton was stepping down from his position. Since then, a score of analysts have understandably reduced their price targets on Bed Bath & Beyond stock.

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