Morgan Stanley lowered the firm’s price target on Victoria’s Secret (VSCO) to $23 from $38 and keeps an Equal Weight rating on the shares. Though Victoria’s beat expectations for Q4 EPS, this was “overshadowed” by disappointing Q1 and fiscal year guidance, soft quarter-to-date trend commentary, and a second-half weighted marketing and launch cadence, says the analyst, who leaves the Q4 report “slightly more negative.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VSCO:
- Victoria’s Secret price target lowered to $38 from $53 at Barclays
- Victoria’s Secret Faces Persistent Challenges Despite EPS Beat: Underperform Rating Reiterated
- Victoria’s Secret: Hold Rating Amid Transition and Strategic Potential
- Victoria’s Secret & Co. Reports Strong Q4 2024 Results
- Victoria’s Secret price target lowered to $24 from $40 at Telsey Advisory
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue