CORRECTION: Goldman Sachs Maintained Buy on Bath & Body Works, Removed From Conviction List
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has maintained its Buy rating on Bath & Body Works but has removed the company from its Conviction List. This adjustment suggests that while Goldman Sachs still sees positive prospects for Bath & Body Works, it may no longer view the stock as a top pick with the highest conviction.
January 02, 2024 | 7:45 pm
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Goldman Sachs maintains a Buy rating on Bath & Body Works but removes it from the Conviction List, indicating a continued positive outlook but with potentially less upside compared to other stocks.
Being removed from the Conviction List can be perceived as a slight negative by the market as it implies that Goldman Sachs may see more attractive opportunities elsewhere. However, maintaining the Buy rating means the overall outlook for Bath & Body Works remains positive. The impact on the stock price is likely to be neutral in the short term as the positive rating is balanced by the removal from the Conviction List.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80