TD Cowen raised the firm’s price target on Bath & Body Works to $55 from $35 and keeps an Outperform rating on the shares. The firm said they posted a solid quarter but conservative guideance as 4Q24 was above expectations on better sales and GM but traffic in Februrary was weaker leading to more cautious 1Q24 guide.
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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
