On Nov 27, 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 maintains the target price at $49.
Goldman Sachs analyst Kate McShane maintains with a buy rating, and adjusts the target price from $49 to $52.
Citi analyst Paul Lejuez maintains with a hold rating, and adjusts the target price from $35 to $40.
Barclays analyst Adrienne Yih maintains with a sell rating, and adjusts the target price from $28 to $34.
UBS analyst Jay Sole maintains with a hold rating, and adjusts the target price from $38 to $40.
Furthermore, according to the comprehensive report, the opinions of $Bath & Body Works (BBWI.US)$'s main analysts recently are as follows:
Bath & Body Works reported Q3 results that met expectations, and the management has increased its Q4 earnings forecast by 2% at the midpoint.
Following the Q3 report where Bath & Body Works delivered an unexpected topline upside due to core product strength, and subsequently raised fiscal year guidance, there is increased conviction in the company's capacity to sustain at least low-single digit percentage growth steadily over time.
Bath & Body Works reported its strongest sales growth in 10 quarters during Q3. With an upturn in sales and well-managed margins, the prospects for revaluation of the stock's multiple are increasing, positioning it as a compelling investment idea for 2025.
Bath & Body Works reported Q3 results that exceeded expectations in both sales and earnings, though there was a shortfall in gross margins attributed to increased promotional activity. These promotions, however, were effective in stimulating sales. The company has also raised its fiscal 2024 forecasts for sales and earnings, following the strong performance in Q3 and sustained momentum heading into Q4.
The firm observed that Bath & Body Works demonstrated widespread strength, attributed to modest anticipation preceding earnings and a raise in the FY24 guidance.
Here are the latest investment ratings and price targets for $Bath & Body Works (BBWI.US)$ from 8 analysts:
Note:
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