Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Shares of Bed Bath & Beyond (BBBY) are tanking after the company reported earnings and revenue that missed Wall Street estimates. The retailer blamed “softness” in in-store sales, higher shipping costs and coupon expenses for the miss.
Blackberry (BBRY) shares are sinking after a surprise profit was offset by slower-than-expected sales. The software company said it received more than 3,000 orders from enterprise customers during the past three months. That’s down from more than 3,500 orders in the fourth quarter.
Moving to retail, Deutsche Bank says Restoration Hardware (RH) still has room to run, even though shares have doubled over the past year. The firm boosted its price target on the retailer to $66, the highest level on Wall Street, implying the stock could rally another 17% from yesterday’s closing price.
And a bullish call on Starbucks (SBUX): KeyBanc initiated coverage on the stock with an overweight rating and a $68 dollar price target. The bank thinks shares are attractively valued and says the Street is underestimating the coffee giant’s future earnings growth.