Why Bed Bath & Beyond Stock Popped 5% Today

Shares of Bed Bath & Beyond (NASDAQ: BBBY) closed 5% higher on Wednesday after receiving positive mention -- for the second day in a row -- from Wall Street analysts.

Yesterday, Merrill Lynch raised its price target on Bed Bath & Beyond stock to $24 a share, citing "increasing confidence in the timing and magnitude of turnaround," according to StreetInsider.com. Today, Loop Capital echoed the sentiment (if not the price target), raising its price target to $15 a share.  

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Source Fool.com