Bath & Body Works price target raised to $46 from $42 at Raymond James

Raymond James raised the firm’s price target on Bath & Body Works to $46 from $42 and keeps an Outperform rating on the shares. Ahead of the Q4 results on Thursday, Raymond James sees a number of initiatives that should position the company well to deliver more consistent and accelerating sales and profit growth in fiscal 2025, the analyst tells investors in a research note. Key drivers of revenue improvement include new collaborations such as the recently launched Disney Princess Collection, stabilization in candle and soaps/sanitizers demand, continued expansion beyond the core into men’s, laundry, and pet care, as well as comping against several execution challenges in the year-ago period.