Bed Bath & Beyond and 3D Systems Downgraded on Weak Sales

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Bed Bath & Beyond and 3D Systems Downgraded on Weak Sales

Bed Bath & Beyond and 3D Systems Downgraded on Weak Sales
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Bed Bath & Beyond and 3D Systems Downgraded on Weak Sales

by TheStreet 0:59 mins

In Friday's Analysts' Actions, LinkedIn gets a price target increase while 3D Systems and Bed, Bath & Beyond get downgrades. Jefferies is raising its price target on LinkedIn (LNKD) to $300 from $280. Jefferies currently has a 'Buy' rating on shares of LinkedIn. Analysts at Jefferies think 'revenue continues to expand in all segments.' Weak sales are being blamed for 3D systems (DDD) and Bed, Bath and Beyond's (BBBY) downgrades. 3D Systems was downgraded to 'Neutral' from 'Overweight' at Piper Jaffray. The firm says 'delayed printer sales are weighing on growth and margin.' The firm has a $50 price target on the stock. Bed, Bath and Beyond (BBBY) was downgraded to 'Perform' from 'Outperform' at Oppenheimer. But, the firm did raise its price target to $69 from $66 because they might see it as a better buying opportunity in the future. TheStreet's Susannah Lee has the details.

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