Bath & Body Works (BBWI) Comments on Announcement of Intent to Nominate Directors by Third Point

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Go back to Bath & Body Works (BBWI) Comments on Announcement of Intent to Nominate Directors by Third Point

Piper Sandler Positive on Bath & Body Works Inc. (BBWI): 'we continue to view risk/reward as favorable'

February 23, 2023 1:03 PM EST

Piper Sandler analyst Korinne Wolfmeyer reiterated an Overweight rating and $52.00 price target on Bath & Body Works Inc. (NYSE: BBWI).

The analyst comments "We continue to rate BBWI OW and reiterate our $52 PT following the Q4 earnings call this morning. Results were better than... More

Dan Loeb's Third Point launches proxy fight at Bath & Body Works (BBWI)

February 23, 2023 6:21 AM EST

Activist investor Third Point LLC confirmed that it is launching a proxy fight against Bath & Body Works (NASDAQ: BBWI). The Wall Street Journal was the first to report on Third Points intentions.

The hedge fund, founded by billionaire Dan Loeb, believes the company offers excessive executive pay. It highlighted that BBWI paid interim Chief Executive Sarah Nash roughly $18 million for less than a years worth of work.

Bath & Body Works appointed Gina Boswell as the new... More