Jefferies raised the firm’s price target on Victoria’s Secret (VSCO) to $65 from $57 and keeps a Buy rating on the shares after having met with CFO and COO Scott Sekella. Full-price selling and product newness are driving higher Average Unit Retail prices and engagement, international growth is “robust,” and the margin opportunity is “substantial,” say the analyst, who remains “bullish” on Victoria’s Secret’s opportunity.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VSCO:
- Victoria’s Secret participates in a conference call with Jefferies
- Midday Fly By: Warner Bros. urges investors to reject Paramount bid
- Telsey upgrades Victoria’s Secret to Outperform on improved momentum
- Victoria’s Secret upgraded to Outperform from Market Perform at Telsey Advisory
- Victoria’s Secret price target raised to $45 from $36 at Wells Fargo