Bath & Body Works down after Citigroup downgrades to 'neutral'

Bath & Body Works

17/02/2026 12:38

** Citigroup downgrades rating of Bath & Body Works BBWI.N to "neutral" from "buy", bringing the beauty and skincare firm's shares down 2% at $23.55 premarket

** Brokerage says it is cautious on FY26, which is expected to be the 5th consecutive year of sales declines as core business remains weak

** Citi warns that Amazon’s AMZN.O expansion in 2H26 could intensify competition, particularly given the overlap with BBWI core customer base

** However, brokerage raises PT to $25 from $21, representing ~4% upside to stock's last close

** PT raise reflects a slightly more stabilized consumer environment in the U.S. - Citigroup

** 5 of 15 brokerages rate stock "buy" or higher, 10 "hold"; median PT is $21 - data compiled by LSEG

** BBWI was down 48% in 2025

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))