Why Bath & Body Works Stock Jumped Nearly 10% on Tuesday | Global News Avenue

Bathroom and body engineering (BBWI) Stocks rose nearly 10% after JPMorgan analysts upgrade The stock is to encourage recent product launches and narrow down the post-pandemic headwind.

Analysts raised the stock from “neutral” to “overweight” on Tuesday and raised its target from its former $41 to $47. New ratings are due to retailers setting reports for the fourth quarter income February 27.

Analysts following bath and body work, tracked by visible alpha, are somewhat bullish on retailers’ stocks, five “buy,” “three” “hold” and one “sell” rating . broker. Stock Average Price target There is more than 13% upside compared to Tuesday’s operating price. It closed at $40.03 on Tuesday, up 9.75%.

Leading category, Disney partnerships can drive sales, JPM says

Bath and body engineering are Underestimated Become a market leader in some of its important categories, such as perfumes and manual disinfectors, compared to peers in the beauty category. Analysts also say headwinds are like pandemic sales drop Candle Normalizing manual disinfectants may not have much impact on sales progress.

They also said the company recently launched its biggest partnership earlier this week Disney ((dis) Princess character can help drive sales.

Analysts say the product line is about three times that Bath & Body Works has worked with Netflix in the past (NFLX), when it creates a product line based on similar programs “Bridgerton” and “Stranger Things.”“