As previously reported, Telsey Advisory upgraded Victoria’s Secret (VSCO) to Outperform from Market Perform with a price target of $66, up from $50. The firm is seeing an improved path of momentum, including better performance at PINK, as the business captures a younger consumer, the analyst tells investors in a year-ahead note for the retail group. The firm also sees an ongoing opportunity in beauty with the ability to recapture margin across the business and the potential for EPS upside to drive the stock, the analyst added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VSCO:
- Victoria’s Secret upgraded to Outperform from Market Perform at Telsey Advisory
- Victoria’s Secret price target raised to $45 from $36 at Wells Fargo
- Wells Fargo upgrades Victoria’s Secret to Equal Weight, raises target to $45
- Victoria’s Secret upgraded to Equal Weight from Underweight at Wells Fargo
- Victoria’s Secret initiated with a Neutral at Guggenheim