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Hardline retailers are likely to face tougher comparisons following the COVID-19 spending spree, positioning them for a hard landing, according to an analyst at Morgan Stanley. The Retail Analyst: Simeon Gutman downgraded shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) from Equal-weight to Underweight and lowered the price target from $18 to $12.
...read full article on Benzinga
