Bath & Body Works Inc. (BBWI) PT Lowered to $40 at Wells Fargo Amid CFO's Surprising Departure
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Price: $19.29 +3.54%
Rating Summary:
4 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wells Fargo analyst Ike Boruchow lowered the price target on Bath & Body Works Inc. (NYSE: BBWI) to $40.00 (from $46.00) while maintaining a Equal Weight rating.
The analyst commented, "BBWI announced CFO Wendy Arlin stepping down from her role, effective July '23—a surprise following her recent appointment post-spin from LB in August '21. We see this as another issue with a volatile business and remain cautious on the name."
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