Wells Fargo Maintains Equal-Weight on Bath & Body Works, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Equal-Weight rating on Bath & Body Works (NYSE:BBWI) and increased the price target from $35 to $40.
December 22, 2023 | 1:10 pm
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Wells Fargo analyst Ike Boruchow has reaffirmed Bath & Body Works' Equal-Weight rating but raised the price target from $35 to $40, indicating a positive outlook on the company's stock value.
The increase in price target by a reputable analyst like Ike Boruchow suggests a positive sentiment towards Bath & Body Works' future stock performance. This could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100