Goldman Sachs Reduced Bath & Body Works Inc (BBWI) Price Target

From Yahoo Finance: 2025-05-30 00:08:00

Goldman Sachs maintained a Buy rating on Bath & Body Works, Inc. (NYSE:BBWI) but lowered the price target from $44 to $43. The firm highlighted the company’s strong first-quarter results despite guidance falling short of expectations.

Bath & Body Works, Inc. (NYSE:BBWI) saw a 6% drop in stock price after releasing guidance that didn’t meet expectations. However, the firm’s FY25 EPS forecast only decreased by around 3%, leading analysts to believe the decline was overdone.

Bath & Body Works, Inc. (NYSE:BBWI) benefits from sourcing 10% of its products from China and only 7% from Canada and Mexico, reducing exposure to tariffs amid trade uncertainty.

BBWI’s CFO noted the company’s innovation with products like Easter-themed candles, a strong domestic supply chain, and appeal to younger consumers through gift packaging and promotions.

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