Wells Fargo analyst Ike Boruchow lowered the firm’s price target on Bath & Body Works to $35 from $40 and keeps an Equal Weight rating on the shares. Bath & Body’s margin upside and recovery was again offset by a slower and weaker revenue outlook, and Wells remains sidelined with visibility low, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BBWI:
- Bath & Body Works price target lowered to $34 from $37 at Piper Sandler
- Bath & Body Works price target lowered to $40 from $50 at BofA
- Bath & Body Works price target lowered to $37 from $50 at Barclays
- Bath & Body Works (NYSE:BBWI) Delivers a Resilient Q3 performance
- Options Volatility and Implied Earnings Moves Today, November 16, 2023