Bath & Body Works To See More Comfort In Second Half Numbers With Further Improvement: Analysts
Portfolio Pulse from Nabaparna Bhattacharya
Bath & Body Works, Inc. (NYSE:BBWI) reported its first-quarter FY24 results with a 5.6% increase in inventories. Analysts from Goldman Sachs, BMO Capital Markets, JP Morgan, and BofA Securities provided their ratings and price forecasts, with a general positive outlook for the second half of the year. BBWI shares are trading higher by 3.74% to $46.86.
June 05, 2024 | 7:27 pm
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Bath & Body Works reported a 5.6% increase in inventories for Q1 FY24. Analysts from Goldman Sachs, BMO Capital Markets, JP Morgan, and BofA Securities provided positive ratings and price forecasts, indicating a favorable outlook for the second half of the year. BBWI shares are up 3.74% to $46.86.
The increase in inventories and positive analyst ratings and price forecasts suggest a favorable outlook for Bath & Body Works. The stock price has already reacted positively, indicating investor confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100