Barclays analyst Adrienne Yih lowered the firm’s price target on Victoria’s Secret to $45 from $51 and keeps an Equal Weight rating on the shares. The analyst sees ongoing risk to first half of 2023 estimates for the specialty retailers, in particular those with negative year-over-year sales. At retail, the risk is shifting from inventory pressure to sales deleverage, Yih tells investors in a research note. She calls Burlington her top pick for 2023.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on VSCO:
- VSCO Makes Huge Comeback on Great News
- Victoria’s Secret narrows Q4 EPS view to $2.05-$2.25 from $2.00-$2.45
- Victoria’s Secret & Co. Announces New Share Repurchase Authorization and Provides Fourth Quarter 2022 Sales and Earnings Update
- Victoria’s Secret approves $250M new share repurchase program
- Victoria’s Secret falls -9.1%