Bath & Body Works Stock Downgraded Due To This Risk: Details
Bath & Body Works(BBWI) Benzinga·2024-11-09 03:29
Barclays analyst Adrienne Yih downgraded Bath & Body Works Inc BBWI from Equal-Weight to Underweight and lowered the price target from $31 to $28. The stock fell after the rerating.Yih cited concerns over supply and demand risks that could negatively impact the company over the next 12 to 15 months.While the guidance for the second half of 2024 has been adjusted to lower expectations, the analyst anticipates continued pressure in 2025 with potential declines in sales and contracting margins.Her analysis poi ...