TD Cowen lowered the firm’s price target on Victoria’s Secret (VSCO) to $37 from $40 and keeps a Hold rating on the shares. The firm expects Q4 beats across specialty retail but says guidance will likely be conservative. TD likes the setup for Bath & Body Works (BBWI) and says American Eagle’s (AEO) inexpensive valuation combined with a long-term financial update expected on earnings could be a positive catalyst.
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Read More on VSCO:
- American Eagle downgraded to Equal Weight from Overweight at Barclays
- Victoria’s Secret price target lowered to $40 from $50 at Telsey Advisory
- Victoria’s Secret price target lowered to $40 from $45 at TD Cowen
- Victoria’s Secret price target lowered to $40 from $45 at Wells Fargo
- Victoria’s Secret price target lowered to $35 from $40 at BofA