Bath & Body Works price target raised to $53 from $50 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Bath & Body Works to $53 from $50 and keeps an Outperform rating on the shares. The company’s Q4 results capped off a strong year for the company, which reported four consecutive quarters of better-than-expected results, the analyst tells investors. FY24 guidance, however, is prudently cautious, reflecting ongoing macroeconomic pressures and a choppy consumer spending environment, Telsey adds.