Telsey Advisory analyst Dana Telsey lowered the firm’s price target on Bath & Body Works to $42 from $52 and keeps an Outperform rating on the shares. The company reported a third consecutive earnings beat, driven by “better-than-expected results across the board,” the analyst tells investors. Overall, the firm continues to view the company as an established brand with a loyal customer base within an attractive consumer space. The firm reduced its price target on the stock due to reduced consumer macro visibility heading into the holiday season.
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