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:
There is a perceived risk of sustained sales and margin pressure for Bath & Body Works into 2025, influenced by a potential downturn in the U.S. macroeconomic climate, a return to average spending levels in the beauty market, and growing inventory levels. The expectation is that the performance of Bath & Body shares may lag behind the wider retail industry.
The outlook for Bath & Body Works heading into the third quarter earnings is cautious, with a reduction in Q3 and Q4 estimates. The company has yet to find a stable footing, and after observing weak performance throughout the third quarter, there appears to be no imminent trigger for a turnaround.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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