Victoria’s Secret price target lowered to $18 from $20 at BofA

BofA lowered the firm’s price target on Victoria’s Secret (VSCO) to $18 from $20 and keeps an Underperform rating on the shares. Victoria’s Secret reported Q1 EPS in line with the pre-announcement and while it maintained fiscal year guidance for sales, it lowered EPS guidance to $1.80-$2.20 from $2.00-$2.45, notes the analyst, who lowered the firm’s FY25 and FY26 EPS forecasts by 17% and 12%, respectively, on margin pressure from tariffs. The firm thinks consistent sales growth and margin expansion will be difficult to achieve from here, the analyst added.