BofA analyst Lorraine Hutchinson raised the firm’s price target on Victoria’s Secret (VSCO) to $58 from $52 and keeps a Neutral rating on the shares. While “encouraged” by sales momentum, the firm thinks investments to support continued growth will weigh on margins near-term, the analyst tells investors. The firm is increasing its FY26 and FY27 EPS estimates to $3.39 and $3.61, respectively, as it flows through an improved sales and gross margin outlook.
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