BBWI - Bath & Body Works downgraded at Jefferies over limited growth opportunities

2023-10-26 08:32:04 ET

Jefferies has downgraded its recommendation on Bath & Body Works ( NYSE: BBWI ) stock from Buy to Hold citing slowing trends for the retailer.

The brokerage sees limited growth opportunities for Bath & Body Works ( BBWI ), with its data across social, foot traffic and share indicating a declining trend.

Jefferies further raises concerns over the company's margins amid elevated promotions, while also adding that its "product mix is not recession-resistant, price points are high, current trends in bodycare vary from BBWI's core offering."

SA Quant system rates Bath & Body Works ( BBWI ) as Buy

Shares of Bath & Body Works ( BBWI ) have dropped 16% over the past year and ~35% YTD

More on Bath & Body Works

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• Bath & Body Works, Inc. 2023 Q2 - Results - Earnings Call Presentation
• Bath & Body Works is a favorite stock at Goldman Sachs
• Bath & Body Works fluctuates on mixed results, lowered sales forecast

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