Barclays Downgrades Bath & Body Works to Equal-Weight, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih has downgraded Bath & Body Works (NYSE:BBWI) from Overweight to Equal-Weight while increasing the price target from $37 to $45.
January 04, 2024 | 1:22 pm
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Barclays analyst downgraded Bath & Body Works to Equal-Weight but raised the price target to $45, indicating mixed sentiment.
The downgrade to Equal-Weight suggests that Barclays sees limited upside potential for BBWI, aligning with the market consensus. However, the increase in the price target to $45 implies a positive outlook on the company's fundamentals and potential growth, which could balance out the impact on the stock price in the short term.
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IMPORTANCE 75
RELEVANCE 100