Barclays analyst Adrienne Yih downgrades $Bath & Body Works (BBWI.US)$ to a sell rating, and adjusts the target price from $32 to $28.
According to TipRanks data, the analyst has a success rate of 48.0% and a total average return of 4.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bath & Body Works (BBWI.US)$'s main analysts recently are as follows:
The risk of continued sales and margin pressure into 2025 may stem from a diminishing U.S. macroeconomic landscape, a return to normal spending levels in the beauty sector, and an accumulation of inventory. It is possible that Bath & Body Works shares may not perform as well as the general retail market.
The outlook for Bath & Body Works remains cautious as we approach the third-quarter earnings report, with a tempering of Q3 estimates and a reduction in Q4 projections. The company is still searching for a firm footing, and given lackluster performance indications during Q3, no clear impetus for a turnaround is evident.
Note:
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