Victoria’s Secret price target raised to $50 from $45 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Victoria’s Secret (VSCO) to $50 from $45 and keeps a Market Perform rating on the shares. Momentum at the company continued through Q3 and Q4 outlook was stronger than prior consensus figures, teh analyst tells investors. The firm believes the leadership team and strategies are starting to bear fruit and expects the company to benefit from a newly-growing customer file.