Bath & Body Works: Near-Term Outlook Still Poor, But Recovery Plan Has Merits (Upgrade)

I downgraded to a sell rating for Bath & Body Works Inc. ( BBWI ) in September, with my key thesis being that demand is weak, elevated inventory meant potential margin pressure, and that the near-term earningsI'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I believe in buying quality companies at a di ...