BUZZ-Bath & Body Works rises after Citi upgrades to 'buy'
ReutersFeb 28, 2025 12:12 PM
Shares of Bath & Body Works BBWI.N up 1.3% at $36.33 premarket
Brokerage Citi upgrades stock to "buy" from "neutral", raises PT by $8 to $48
BBWI fell 12.7% on Thursday after co forecast annual sales, profit largely below expectations, while Q4 results narrowly beat estimates
Brokerage notes positive Q4 sales, if adjusted for quarter being a week short from a year ago
Sees upside for annual sales forecast and the share repurchase plan
Says Q1 trends running above co's guidance; sees sales beat, strong margins
13 of 19 brokerages rate the stock "buy" or higher, and six "hold"; with a median PT of $46
BBWI fell ~10% in 2024
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