Wells Fargo analyst Ike Boruchow raised the firm’s price target on Victoria’s Secret to $28 from $25 and keeps an Overweight rating on the shares. The firm argues that Victoria’s Secret’s CEO change should herald bullish catalysts for an under-earning and extremely cheap global brand that has lacked clear messaging since they spun from L Brands.
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- Victoria’s Secret price target lowered to $17 from $19 at Barclays
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