UPDATE: Credit Suisse Downgrades Bed Bath & Beyond
January 09, 2014 at 08:37 AM EST
In a report published Thursday, Credit Suisse analyst Simeon Gutman downgraded Bed, Bath & Beyond (NASDAQ: BBBY ) to Neutral from Outperform, with a $78.00 price target. According to the report, BBBY has been overweight home improvement and housing related names on the belief that there remains pent-up demand