Wells Fargo Maintains Equal-Weight on Bath & Body Works, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow maintains an Equal-Weight rating on Bath & Body Works (NYSE:BBWI) but lowers the price target from $48 to $40.
July 24, 2024 | 3:47 pm
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Wells Fargo has maintained its Equal-Weight rating on Bath & Body Works but has lowered the price target from $48 to $40, indicating a more cautious outlook.
The lowered price target from $48 to $40 by Wells Fargo suggests a more cautious outlook on Bath & Body Works' stock performance, which could lead to a short-term negative impact on the stock price.
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