Barclays Maintains Equal-Weight on Bath & Body Works, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Equal-Weight rating on Bath & Body Works (NYSE:BBWI) but lowers the price target from $32 to $31.
August 29, 2024 | 12:51 pm
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NEUTRAL IMPACT
Barclays has maintained its Equal-Weight rating on Bath & Body Works but has slightly lowered the price target from $32 to $31, indicating a cautious outlook.
The maintenance of an Equal-Weight rating suggests a neutral stance, while the slight reduction in the price target indicates a minor negative adjustment in expectations. This could lead to a neutral short-term impact on the stock price as the change is not significant.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100