Telsey and TD Cowen adjust price targets for Bath & Body Works
Bath & Body Works, Inc. received mixed reactions from analysts at Telsey Advisory and TD Cowen.
Telsey Advisory analyst lowered the firm’s price recommendation to $22 from $25, citing macroeconomic concerns and inflationary pressures.
TD Cowen analyst raised the firm’s price goal to $25 from $20, maintaining a Buy rating on the shares due to better-than-expected first-quarter earnings and reaffirmed full-year guidance.
The company’s annual dividend yield is 3.93%, making it one of the Top 10 High Dividend Stocks to Invest In, and it offers a range of personal care and home fragrance products, competing with certain AI stocks for investment potential.