Victoria’s Secret price target raised to $19 from $16 at Barclays

Barclays raised the firm’s price target on Victoria’s Secret to $19 from $16 and keeps an Underweight rating on the shares following the Q1 report. The company’s sales were in line with consensus as international offset North America weakness and earnings came in at the high end of guidance, though this was largely expected as the company pre-announced on May 9, the analyst tells investors in a research note.