Bank of America and Telsey Advisory Group Update Stock Targets for Multiple Retailers
Bank of America and Telsey Advisory Group updated their stock targets for several retailers. Bank of America cut Capri's price target to $20.00 and dropped their rating to 'neutral.' Telsey Advisory Group also lowered targets for Capri and Bath & Body Works, with their new targets at $21.00 and $22.00, respectively. Bank of America upgraded Agilent Technologies to a 'buy' rating, dropping their price target to $145.00.
Bank of America (BoA) announced two updates to their recommendations for retailer stocks on Thursday. Firstly, they reduced their price target for Capri (NYSE: CPRI) from $23.00 to $20.00 and set a 'neutral' rating, citing no specific reasons in the research report .
Telsey Advisory Group (TAG) also made an announcement regarding Capri, cutting their price target to $21.00 and setting a 'market perform' rating .
Additionally, TAG lowered their expectations for Bath & Body Works (NYSE: BBWI), revising their price target downward to $22.00 from $25.00. TAG also assigned a 'market perform' rating for the company. The update from Wells Fargo & Company dropped their price target on Bath & Body Works to $25.00 from $29.00 and maintained an 'overweight' rating in a research report .
In another development, Bank of America upgraded Agilent Technologies (NYSE:A) from a 'neutral' rating to a 'buy' rating while also reducing their price target to $145.00 from $150.00 .
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