JPMorgan lowered the firm’s price target on Victoria’s Secret (VSCO) to $35 from $43 and keeps a Neutral rating on the shares following the Q4 report. The firm says that while early in its turnaround, there remains a multi-year opportunity for the company, with continued execution, to drive greater full-price selling to support gross margin expansion.
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- Victoria’s Secret sees Q1 revenue $1.3B-$1.33B, consensus $1.4B
- Victoria’s Secret sees FY25 revenue $6.2B-$6.3B, consensus $6.21B