Jefferies Downgrades Bath & Body Works to Hold, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Ashley Helgans has downgraded Bath & Body Works (NYSE:BBWI) from Buy to Hold and lowered the price target from $45 to $30.
October 26, 2023 | 9:56 am
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Bath & Body Works has been downgraded from Buy to Hold by Jefferies, with a lowered price target of $30.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for the company's stock. The lowering of the price target from $45 to $30 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price in the short term.
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