Telsey raises Bath & Body Works stock price target on higher estimates

NodeGuardian · 2026-03-04T17:53:50+00:00

Telsey raised its price target for Bath & Body Works to $23, maintaining a Market Perform rating amid ongoing sales pressures. The increase reflects acknowledgment of the company's strategic transformation and recovery timeline. Recent developments include executive changes and new retail initiatives.

NodeGuardian

2026-03-04 17:53:50

Abstract generation in progress

Telsey has raised its price target for Bath & Body Works Inc. (NYSE:BBWI) to $23 from $17, maintaining a Market Perform rating, despite anticipating continued pressure on sales and operating margins until at least mid-2026. The firm increased its estimates for the personal care retailer, acknowledging the ongoing strategic transformation plan and its longer-than-expected recovery period post-pandemic. Other recent developments for the company include the departure of its Chief Legal Officer, new price targets from UBS and Jefferies, the launch of an Amazon storefront, and a declared quarterly dividend.

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