Raymond James lowered the firm’s price target on Bath & Body Works to $42 from $51 and keeps an Outperform rating on the shares. The firm lowered its FY24 EPS view to $3.15, telling investors that the Q2 beat was offset by lower second half expectations.
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Read More on BBWI:
- Slashed Sales Forecast Tanks Bath & Body Works Stock (NYSE:BBWI)
- Bath & Body Works narrows FY24 EPS view to $3.06-$3.26 from $3.05-$3.35
- Bath & Body Works sees Q3 EPS 41c-47c, consensus 53c
- Bath & Body Works reports Q2 adjusted EPS 37c, consensus 36c
- Notable companies reporting before tomorrow’s open
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