JPMorgan Downgrades Bath & Body Works Inc. (BBWI) to Underweight

JPMorgan analyst Matthew Boss downgraded Bath & Body Works Inc. (NYSE: BBWI) from Neutral to Underweight with a price target of $27.00.

The analyst comments "We rate BBWI Underweight. The combination of (i) moderating same-store-sales relative to pre-pandemic +high-single-digit comp growth, (ii) ongoing separation-related SG&A investments, and (iii) AUR pressure as the model returns to a normalized cadence of promotions presents potential earnings headwinds."

For an analyst ratings summary and ratings history on Bath & Body Works Inc. click here. For more ratings news on Bath & Body Works Inc. click here.

Shares of Bath & Body Works Inc. closed at $29.56 yesterday.

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