** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.