Jefferies lowered the firm’s price target on Victoria’s Secret (VSCO) to $28 from $32 and keeps a Buy rating on the shares after the company reported full Q1 results and updated its FY25 guidance. From a high level, FY revenue expectations haven’t changed, despite a $20M security incident headwind, but management lowered the FY EBIT and EPS guidance, the analyst tells investors in a research note. The firm added that the company’s International and digital segments performed well, and inventories remain under control.
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Read More on VSCO:
- Victoria’s Secret price target raised to $23 from $22 at Barclays
- Cautious Outlook for Victoria’s Secret Amid Revenue Decline and Margin Contraction
- Victoria’s Secret sees FY25 adjusted EPS $1.80-$2.20, consensus $2.12
- Victoria’s Secret: Q2 to $10M operating income impact from security incident
- Victoria’s Secret says business fundamentals ‘solid,’ ‘resilient’