Why Bed Bath & Beyond Stock Popped Again Today
Bad news for Bed Bath & Beyond (NASDAQ: BBBY) shareholders: This morning, two separate Wall Street banks downgraded the stock, with Raymond James cutting its rating from strong buy to merely market perform (i.e., neutral), and Swiss banker UBS cutting the stock from neutral to sell.
Good news for Bed Bath & Beyond investors: No one cares. Bed Bath stock is up a stellar 13.8% as of 2 p.m. EST.
Image source: Getty Images.
Source Fool.com
