Bed Bath & Beyond has entered the retail death spiral that pulled once-proud retail chains such as Sears and Circuit City into the grave, according to one analyst.
In a new note to clients on Friday, Loop Capital analyst and vocal Bed Bath & Beyond critic Anthony Chukumba reiterated a sell rating and $1 price target on the stock.
Shares rose 20% as of 1:10 p.m. ET in Friday’s session on continued speculation that Bed Bath & Beyond is nearing a capital raise to bolster its dwindling cash…
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