Wells Fargo lowered the firm’s price target on Victoria’s Secret (VSCO) to $25 from $40 and keeps an Equal Weight rating on the shares. Like most Softline names, Victoria’s Secret is starting 2025 in a hole – with negative revisions and negative comparable sales the near-term narrative, the firm says. With their new CEO/CFO at the helm, they’ll need to articulate strategy to get them out of the hole for the stock to work again, Wells adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VSCO:
- Closing Bell Movers: MongoDB, Marvell Technology down double digits
- Victoria’s Secret Reports Strong Q4 2024 Financial Results
- Victoria’s Secret sees Q1 revenue $1.3B-$1.33B, consensus $1.4B
- Victoria’s Secret sees FY25 revenue $6.2B-$6.3B, consensus $6.21B
- Victoria’s Secret reports Q4 adjusted EPS $2.60, consensus $2.30
Questions or Comments about the article? Write to editor@tipranks.com