Citi Upgrades Bath & Body Works to 'Buy' with $25 Price Target
Bath & Body Works (BBWI) stock rose after Citi analysts upgraded the company's rating to 'Buy', setting a price target of $25. This implies over 25% potential upside from its current level near $20, which is close to where it started the year. The upgrade comes ahead of BBWI’s Q2 earnings report on August 26, with Citi analyst Paul Lejuez expecting better-than-expected results and a positive outlook due to recent product launches. The company also offers an attractive dividend yield of 4.02%, enhancing its appeal as a long-term investment. Citi anticipates macroeconomic tailwinds such as tariff refunds following the Supreme Court's rejection of Trump-era levies, along with lower fuel prices, could boost BBWI’s earnings and help it exceed full-year guidance.
Tickers: $BBWI
Topics: Bath & Body Works Citi analysts earnings expectations stock upgrade