Barclays analyst Adrienne Yih lowered the firm’s price target on Victoria’s Secret (VSCO) to $22 from $23 and keeps an Overweight rating on the shares. The company announced preliminary Q1 results, which were near or above the high end of its previous guidance ranges, the analyst tells investors in a research note. The firm says Victoria’s also provided an update on a recent security incident, which has not caused a material disruption to date, but could negatively impact Q2 financial results.
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Read More on VSCO:
- Notable companies reporting before tomorrow’s open
- Goldman keeps Sell rating on Victoria’s Secret after Q1 update
- Victoria’s Secret Faces Sell Rating Amid Security Breach and Economic Pressures
- Victoria’s Secret Faces IT Security Incident Impact
- Victoria’s Secret sees Q1 preliminary EPS 9c, consensus 4c
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