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.
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 Insiders’ Hot Stocks on TipRanks >>
Read More on BBWI:
- BBWI Earnings: Bath & Body Works Plunges on Dismal Outlook
- Bath & Body Works Unveils Q4 and Annual Financials with 2024 Guidance
- Bath & Body Works Reports Fourth Quarter and Full-Year 2023 Results and Provides 2024 Outlook
- Bath & Body Works sees Q1 EPS 28c-33c, consensus 39c
- Bath & Body Works sees FY24 EPS $3.00-$3.35, consensus $3.34