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Bath & Body Works price target lowered to $40 from $45 at BofA

BofA lowered the firm’s price target on Bath & Body Works to $40 from $45 and keeps a Buy rating on the shares. After the Q1 earnings report, the firm is lowering its FY25 and FY26 EPS estimates by 3% and 4%, respectively, to reflect tariff pressure and a more cautious fiscal year outlook, but adds that it thinks Bath & Body’s accelerating sales growth and strong margin profile deserves a higher multiple.

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