Bath & Body Works price target raised to $52 from $45 at Cowen

Cowen raised the firm’s price target on Bath & Body Works to $52 from $45 and keeps an Outperform rating on the shares. The firm, which maintains its Q4 estimates above consensus and "slightly" lowered its Q1 and FY23 estimates to be in line with the Street, continues to believe Bath & Body’s growth algorithm should "merit at least a mid-teens multiple."