Raymond James Maintains Outperform on Bath & Body Works, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Olivia Tong has maintained an 'Outperform' rating on Bath & Body Works (NYSE:BBWI), but lowered the price target from $48 to $40.
October 23, 2023 | 12:51 pm
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Bath & Body Works' price target has been lowered from $48 to $40 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company's stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100