Bath & Body Works Inc. (BBWI) PT Raised to $49 at Morgan Stanley
Morgan Stanley analyst Alex Straton raised the price target on Bath & Body Works Inc. (NYSE: BBWI) to $49.00 (from $48.00) while maintaining a Overweight rating.
The analyst comments "BBWI unexpectedly delivered topline upside on core product strength, & subsequently raised FY guidance. Against negative sentiment, this sent the stock +17%. We leave 3Q with incremental conviction in our +LSD% L-T growth forecast – though await consistency &/or a line of sight into +MSD-HSD% levels as an additional catalyst. BBWI’s potential re-rating oppty, positive rate of change story, relative tariff insulation, & attractive business model keep us Overweight rated. Raise PT to $49."