Jefferies analyst Ashley Helgans raised the firm’s price target on Bath & Body Works (BBWI) to $52 from $45 and keeps a Buy rating on the shares ahead of December quarter reports and FY23 guidance form the Cosmetics, Household & Personal Care group. Given macro uncertainty, the firm expects "broadly conservative FY23 outlooks," but it sees select opportunities, calling out Coty (COTY), Estee Lauder (EL) and Ulta Beauty (ULTA) as remaining its top picks.
Published first on TheFly
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