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Barchart
Barchart
Wajeeh Khan

Wedbush Says Bed Bath & Beyond Is Trading at a Discount. BBBY Stock Is Soaring.

Bed Bath & Beyond (BBBY) stock soared on June 23 and continued to move upward on June 24 after Wedbush Securities analysts led by Seth Basham dubbed the retailer a discounted value play.

Basham upgraded BBBY this week to “Outperform” and announced an ambitious $11 price target, indicating potential upside of another 65% from current levels.

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