Why Bed Bath & Beyond (BBBY) Stock Is Down In Pre-Market Trading

NEW YORK (TheStreet) -- Shares of Bed Bath & Beyond Inc.  (BBBY) are down 7.9% in pre-market trading on Thursday after JPMorgan lowered its price target to $65 from $75, and Citigroup lowered its price target for shares to $70 from $72.

Late Wednesday, the retailer provided cautiously optimistic guidance for the second quarter and fiscal 2014, and first-quarter results that were short of analysts' expectations.

Must Read: Warren Buffett's 25 Favorite Stocks

Separately, TheStreet Ratings team rates BED BATH & BEYOND INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate BED BATH & BEYOND INC (BBBY) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

If you liked this article you might like

Why Hasn't Bed Bath & Beyond Been Attacked by an Activist Investor?

Why Hasn't Bed Bath & Beyond Been Attacked by an Activist Investor?

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG

How to Not Get Robbed by Holiday Returns

How to Not Get Robbed by Holiday Returns

Stocks Close Higher as Wall Street Dissects New Tax Laws

Stocks Close Higher as Wall Street Dissects New Tax Laws

Stocks Trade Higher After Passage of U.S. Tax Law

Stocks Trade Higher After Passage of U.S. Tax Law