Bath & Body Works Undervalued: Goldman Sachs Sees Upside Amid Strong Candle Day Performance

Goldman Sachs analyst Kate McShane reiterated a Buy rating on the shares of Bath & Body Works Inc. BBWI with a price target of $52.00.Bath & Body Works recently wrapped up its annual Candle Day sale, which took place on December 7-8, 2024. The sale offered 3-wick candles at $9.95 each, maintaining a steady price point from the previous year, noted the analyst.While this year’s event mirrored the setup of 2023, it lasted a bit longer than previous years, particularly 2021, which had no early access, said the ...