Bank of America and Telsey Advisory Group Update Stock Targets for Multiple Retailers

SentiSense · Published May 28, 2026, 9:06 AM ET · Updated May 28, 2026, 5:41 PM ET

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.