DJ Bed Bath & Beyond Cut At J.P. Morgan On Valuation >BBBY

11/15/06 - Dow Jones Newswires

J.P. Morgan cut home-improvement retailer Bed Bath & Beyond, Inc. (BBBY) to underweight from neutral, saying current quarter results are probably "fine" but that this is more than reflected in the share price.

The broker told clients that the company's operating margins have contracted in the last three quarters and that operating cash flows have growth at a slower pace than earnings.

-Aude Lagorce; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 15, 2006 06:17 ET (11:17 GMT)

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