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BBWI
Benzinga
146 days

Goldman Sees Bath & Body Works Valuation As Highly Attractive, Remains Bullish

1. Goldman Sachs reiterated a Buy rating on BBWI with a $49 price target. 2. BBWI saw a 42% increase in app downloads during the Disney collab. 3. The Disney Princess collection drove significant search interest and traffic. 4. BBWI's app downloads are 214% higher compared to February 2019. 5. BBWI shares fell 1.74% to $31.64 as the market reacted.

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FAQ

Why Bullish?

Goldman Sachs' Buy rating and $49 target indicates strong growth expectations. Similar past ratings led to price increases for BBWI, affirming potential upside.

How important is it?

Analyst ratings and rising app engagement are critical for market perception. These metrics are expected to influence investor confidence in the near term.

Why Short Term?

The immediate impact from collaborations and app downloads suggests a quick market response. Previous promotions have historically led to short-term price boosts for BBWI.

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