Bath & Body Works positive on long-term opportunities, says BMO Capital

BMO Capital analyst Simeon Siegel keeps an Outperform rating and $48 price target on Bath & Body Works after meeting with its management to discuss the company’s targets of $10B in revenue and 10% margins as well as loyalty program and its new category expansion. While macro is pressuring all retail, Bath & Body Works’ supply-chain speed, price-point positioning, replenishment nature and loyalty program appear to be the company’s “key competitive advantages” and the management is optimistic on its long-term opportunities, the analyst tells investors in a research note.