Bath & Body Works, Inc. (NYSE:BBWI) is included among the 10 Best June Dividend Stocks to Buy.
On May 20, UBS lowered its price recommendation on Bath & Body Works, Inc. (NYSE:BBWI) to $19 from $22. It reiterated a Neutral rating on the shares. The firm said it sees a balanced upside and downside setup heading into the company’s Q1 earnings report.
On May 18, TD Cowen analyst Jonna Kim lowered the firm’s price goal on BBWI to $20 from $26. She maintained a Buy rating on the shares. The firm updated targets across the specialty retail group as part of its Q1 preview. According to the analyst, sector valuations have come under pressure because of concerns around high inflation and weaker consumer spending. TD Cowen believes much of the “bad” news may already be reflected in stock prices. At the same time, the firm noted that any negative commentary around quarter-to-date trends could push shares lower.
Bath & Body Works, Inc. (NYSE:BBWI) is a global omnichannel retailer focused on personal care and home fragrance products. The company sells a range of fragrance collections for the body and home, including 3-wick candles, home fragrance diffusers, fine fragrance mists, liquid hand soaps, body lotions, and body creams.
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