Bath & Body Works is trading at $19.68, up +4.63%, after Citi upgraded it from Neutral to Buy on August 18.

  • Citi cited a more attractive risk-reward profile after the steep post-earnings decline, alongside valuation, expected earnings upside, energy prices, and potential tariff refunds.
  • Second-quarter results are scheduled before market open on August 26, 2026, adding pre-earnings interest.
  • The move is company-specific despite broader market weakness.