Angelica Ballesteros
1 min read
In This Article:
Bath & Body Works, Inc. (NYSE:BBWI) is one of the 10 Stocks Boast Whopping Gains Amid Market Downturn.
Bath & Body Works rallied for a second day on Tuesday, adding 5.03 percent to close at $27.13 apiece as investors continued to load up positions while digesting the developments on the global trade landscape.
In particular, the positive sentiment appears to be supported by the improving relationship between the US and China, having agreed on a new trade deal last week.
A female customer browsing a variety of body care products in a retail store.
Earlier this year, Bath & Body Works, Inc. (NYSE:BBWI) forecast annual sales largely below its expectations with uncertainties in consumer spending due to the global trade tensions.
Late last month, Bath & Body Works, Inc. (NYSE:BBWI) earned a lower price target from Morgan Stanley, but kept a “buy” recommendation.
According to Morgan Stanley, Bath & Body Works, Inc. (NYSE:BBWI) remains under pressure from expectations of lesser insulation from tariffs and deceleration in quarter-on-quarter sales, among others, but holds the potential for future growth.
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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
