UBS upgraded Victoria’s Secret (VSCO) to Buy from Neutral with a price target of $46, up from $26, which implies 32% upside to the current stock price. The firm has increased conviction on the company’s ability to reposition its Victoria’s Secret and PINK brands. This should drive sustained comp sales growth after several years of declines, which will increase investor sentiment on the shares, the analyst tells investors in a research note. UBS sees “meaningful upside” to the fiscal 2026 consensus estimates and a “strong path for the stock” over the near- to mid-term.
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