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Goldman Sachs reiterates $2 price target for Bed Bath & Beyond stock

Yahoo Finance Live’s Brian Sozzi discusses Goldman Sachs reiterating a $2 price target for Bed Bath & Beyond stock.

Video Transcript

[AUDIO LOGO]

[MUSIC PLAYING]

- OK, before we head to break, let's check back in on shares of Bed Bath & Beyond. Goldman Sachs analyst Kate McShane out with a new note reiterating a sell rating on Bed Bath with a $2.00 price target. Says McShane, "We reiterate our sell rating with a 12-month price target of $2.00, given weak second quarter sales trends, along with ongoing inventory issues and negative consumer sentiment.