Wells Fargo raised the firm’s price target on Bath & Body Works to $44 from $40 and keeps an Overweight rating on the shares. Considering China tariffs being lowered to 30% from 145% and the ramifications this should have on the space, the firm again re-scrubs its models and updates estimates to incorporate all relevant variables at this time.
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Read More on BBWI:
- Bath & Body Works, Inc. (BBWI) Q1 Earnings Cheat Sheet
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- Bath & Body Works price target lowered to $31 from $38 at Barclays
- Bath & Body Works price target lowered to $43 from $49 at Morgan Stanley
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