** Shares of beauty and skincare firm Bath & Body Works BBWI.N rise 2.3% to $37.81 premarket
** Brokerage Wells Fargo upgrades stock to "overweight" from "equal weight" and raises PT to $48 from $42
** Candles and sanitizers segments are back to normal levels of sales growth following steady decline - brokerage
** Brokerage sees significant opportunity within the innovation pipeline and customer response to newness
** There is much more "room to run" in newer adjacent categories including men's segment, lip and laundry as they are bringing in new customers while awareness remains low - brokerage
** 11 of 19 brokerages rate the stock "buy" or higher, seven "hold" and one "sell"; median PT is $43.59 - LSEG data
** BBWI fell ~10% last year
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com))
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