Victoria’s Secret price target raised to $23 from $19 at Barclays

Barclays raised the firm’s price target on Victoria’s Secret to $23 from $19 and keeps an Underweight rating on the shares. The company reported Q2 results that beat on earnings, driven by spending leverage, partially offset by lower gross margin, the analyst tells investors in a research note. The firm says Victoria’s turnaround is challenged by a weakening consumer.