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Victoria’s Secret price target lowered to $25 from $40 at Wells Fargo

Victoria’s Secret price target lowered to $25 from $40 at Wells Fargo

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.

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