On Nov 26, major Wall Street analysts update their ratings for $Bath & Body Works (BBWI.US)$, with price targets ranging from $34 to $52.
Morgan Stanley analyst Alexandra Straton maintains with a buy rating, and adjusts the target price from $48 to $49.
J.P. Morgan analyst Matthew Boss maintains with a hold rating, and adjusts the target price from $35 to $39.
BofA Securities analyst Lorraine Hutchinson maintains with a buy rating, and maintains the target price at $45.
Barclays analyst Adrienne Yih maintains with a sell rating, and adjusts the target price from $28 to $34.
Deutsche Bank analyst Krisztina Katai initiates coverage with a buy rating, and sets the target price at $52.
Furthermore, according to the comprehensive report, the opinions of $Bath & Body Works (BBWI.US)$'s main analysts recently are as follows:
Following the Q3 report, where Bath & Body Works 'unexpectedly' achieved topline growth driven by core product strength and raised fiscal year guidance, it has reinforced belief in the company's capacity to consistently achieve at least a low-single digit percentage growth steadily over time.
Bath & Body Works exhibited its most robust sales growth in 10 quarters during Q3. With sales turning positive and effective management of margins, the stock's valuation multiple is poised to adjust upwards, positioning the company as a compelling investment prospect for 2025.
Bath & Body Works surpassed expectations in both sales and earnings for Q3, although the company experienced a miss in gross margins due to increased promotional activities. These promotions, however, proved effective in stimulating sales. Furthermore, the company has raised its fiscal 2024 forecasts for sales and earnings following the third-quarter performance and sustained momentum going into the fourth quarter.
The firm noted that Bath & Body Works exhibited broad-based strength, aided by modest expectations prior to the earnings announcement along with a raise in the FY24 guidance.
Here are the latest investment ratings and price targets for $Bath & Body Works (BBWI.US)$ from 9 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
