NEW YORK (TheStreet) -- Before Thursday's market open, Bed Bath & Beyond's (BBBY) - Get Report price target was cut to $46 from $51 at Credit Suisse as analysts believe shares of the "neutral" rated retailer could see a minor downside from its current price.
"The stock is up 16% from its recent low and we don't think the challenges in this category will ease materially in 2016," Credit Suisse analysts wrote in a note this morning.
Union, NJ-based Bed Bath & Beyond is expected to underperform in the fiscal 2015 fourth quarter as comparable store sales and online growth weaken.
"We see risk to estimates for BBBY for 2016, as consensus includes less gross margin degradation and lower expense growth than in 2015," analysts explained. "On similar or possibly lower top line growth, we believe that will be difficult to achieve."
The company will report its fiscal 2015 fourth quarter financial results on Wednesday after the market close.
Shares of Bed Bath & Beyond closed up 0.10% to $49.64 on Thursday.
Separately, Bed Bath & Beyond has a "hold" rating and a letter grade of C at TheStreet Ratings because of the company's strengths, such as revenue growth, attractive valuation levels and good cash flow from operations, and its weaknesses, including deteriorating net income, generally disappointing stock performance and feeble earnings per share growth.
You can view the full analysis from the report here: BBBY
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.