Bed Bath & Beyond’s potential bankruptcy could be a good sign for Target as the retailer takes sales from other store closings, Oppenheimer said. “We think TGT could have better access to other brands over time until significant BBBY retrenchment is possible,” Oppenheimer analysts said in a note. Bed Bath & Beyond said Thursday it doesn’t have enough cash to pay off debt and has defaulted on a line of credit with JPMorgan. In a securities filing, the struggling home goods retailer warned that “this will lead the Company to consider all strategic alternatives, including debt restructuring under the US Bankruptcy Code.” BBBY 5D mountain Bed Bath & Beyond Bed Bath & Beyond shares fell 22% after the news on Friday. Oppenheimer said the full liquidation of Bed Bath & Beyond conservatively could add in the short-term 50-100 basis points to Target Comps and between 14 cents and 28 cents per share to earnings. Earlier this week, Oppenheimer initiated coverage of Target with an outperform rating, betting the retailer will gain stock over time from its challenger peers. Wall Street analysts have been assessing which competitors will get the biggest boost. UBS and Telsey Advisory Group believe Walmart and Target will gain the most market share from Bed Bath & Beyond because both have significant overlap in product offerings and geography.