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Benzinga
Benzinga
Business
Shanthi Rexaline

Why This Bed Bath & Beyond Analyst Thinks Ryan Cohen's Plan May Not Work: 'Pivot In Strategy Won't Fix This Business'

Bed Bath & Beyond Ryan Cohen BBBY GameStop GameStop Corp.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) shares closed higher by 34% Monday after GameStop Corp. (NASDAQ:GME) chairman Ryan Cohen picked up a 9.8% stake in the retailer.

An analyst at BofA Securities, however, doesn't share the enthusiasm of investors, and here's why.

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