UBS analyst Mauricio Serna raised the firm’s price target on Victoria’s Secret (VSCO) to $24 from $18 and keeps a Neutral rating on the shares. The firm’s analysis suggests Victoria’s Secret’s sales trends accelerated throughout Q1, which should lead to a 5c EPS beat, but tariff headwinds are likely to cause the company to lower its fiscal 2025 EPS guidance by 20c-30c, the analyst tells investors in a research note. UBS sees a wide range of potential volatility outcomes.
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