Barclays raised the firm’s price target on Victoria’s Secret (VSCO) to $23 from $22 and keeps an Overweight rating on the shares. The firm notes the company reported Q1 results that beat on Sales, SG&A, operating margin, and EPS. Sales, adjusted operating income, and EPS all came in line with its guidance, though this was largely expected as the company pre-announced on June 3. Victoria’s Secret raised its expected tariff impact on operating income to $50M from $10M-$20M for FY25.
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Read More on VSCO:
- Cautious Outlook for Victoria’s Secret Amid Revenue Decline and Margin Contraction
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