JPMorgan analyst Matthew Boss upgraded Victoria’s Secret (VSCO) to Overweight from Neutral with a price target of $60, up from $34, following the Q3 report. The stock in afternoon trading is up 15%, or $6.31, to $47.88. A an earnings and sales “inflection” is underway at Victoria’s, the analyst tells investors in a research note. JPMorgan sees $4.00 in fiscal 2027 earnings per share power as a “base-case” based on “consistent” low- to mid-single-digit same-store-sales growth. It believes the company is seeing momentum into the holiday.
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