As previously reported, Wells Fargo upgraded Victoria’s Secret (VSCO) to Equal Weight from Underweight with a price target of $45, up from $36. The firm argues that product and marketing investments are paying off, while PINK is rebounding. Discussing the sector, Wells notes that while it continues to see a winners/losers setup, bigger picture, the firm leans more positive on the space entering 2026 due to better-than-feared early holiday reads, benefits from tax reform, and optionality on tariff repeal/refund.
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Read More on VSCO:
- Victoria’s Secret upgraded to Equal Weight from Underweight at Wells Fargo
- Victoria’s Secret initiated with a Neutral at Guggenheim
- Victoria’s Secret price target raised to $50 from $45 at Telsey Advisory
- Victoria’s Secret price target raised to $48 from $35 at TD Cowen
- Victoria’s Secret price target raised to $47 from $32 at Goldman Sachs