Bath & Body Works (BBWI) Receives a Buy from Wells Fargo

In a report issued on January 21, Ike Boruchow from Wells Fargo maintained a Buy rating on Bath & Body Works (BBWIResearch Report), with a price target of $85.00. The company’s shares closed last Wednesday at $55.01.

According to TipRanks.com, Boruchow is a 3-star analyst with an average return of 2.6% and a 45.7% success rate. Boruchow covers the Consumer Goods sector, focusing on stocks such as aka Brands Holding Corp, Canada Goose Holdings, and Lululemon Athletica.

Bath & Body Works has an analyst consensus of Strong Buy, with a price target consensus of $89.13, which is a 61.2% upside from current levels. In a report issued on January 19, Goldman Sachs also maintained a Buy rating on the stock with a $93.00 price target.

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The company has a one-year high of $82.00 and a one-year low of $36.10. Currently, Bath & Body Works has an average volume of 2.98M.

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L Brands, Inc. engages in the retail business. It is focused on women’s intimate and other apparel, personal care and beauty categories. It operates its business through the following segments: Victorias Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Its brands include Victorias Secret, Bath and Body Works, Pink, La Senza, and Henri Bendel. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.

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