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.
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