Wells Fargo Maintains Equal-Weight Rating for Bath & Body Works: Here's What You Need To Know

Wells Fargo has decided to maintain its Equal-Weight rating of Bath & Body Works BBWI and raise its price target from $35.00 to $40.00.

Shares of Bath & Body Works are trading down 0.73% over the last 24 hours, at $43.40 per share.

A move to $40.00 would account for a 7.83% decline from the current share price.

About Bath & Body Works

Bath & Body Works is a specialty home fragrance and fragrant body care retailer operating under the Bath & Body Works, C.O. Bigelow, and White Barn brands. The company generates most of its business in North America, with less than 5% of sales from international markets in fiscal 2022. For fiscal 2022, 72% of sales stemmed from the brick-and-mortar network (which was composed of more than 1,800 retail stores), similar to 2021 levels, as consumer shopping patterns remained to normal. Future growth is expected from store reformatting, digital and international channels, as well as adjacent category expansion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.