5 Market-Moving Stocks to Watch Today

3. Bath & Body Works Inc (NYSE:BBWI) is down 7.36% as of 11:48 AM ET after analyst Mark Altschwager at Baird lowered the price target on the stock from $75 to $65. Even though Bath & Body Works Inc (NYSE:BBWI) managed to surpass Q1 forecasts, the analyst believes that escalated IT investments, inflationary pressures, and the expenses associated with CEO change have led to a reduced annual margin outlook. For FY22, Bath & Body Works Inc (NYSE:BBWI) is expecting diluted EPS to be between $3.80 and $4.15, as opposed to the previous forecast of $4.30 to $4.70.

At the end of Q4 2021, Bath & Body Works Inc (NYSE:BBWI) was held by 62 hedge funds.