Victoria’s Secret price target raised to $29 from $24 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Victoria’s Secret (VSCO) to $29 from $24 and keeps a Market Perform rating on the shares. The company has experienced solid momentum in the first half of the year, highlighted by strong Q2 earnings beat, the analyst tells investors. The firm continues to be encouraged by early signs of progress under the new leadership and sees recent signs of stabilization under the Path to Potential strategy.