Victoria’s Secret price target raised to $30 from $27 at Jefferies

Jefferies analyst Corey Tarlowe raised the firm’s price target on Victoria’s Secret to $30 from $27 and keeps a Buy rating on the shares after the company reported Q2 results and raised its FY24 revenue and operating income guidance. While the intimates marketplace remains challenged, Victoria’s Secret’s commanding control of the space and new leadership encourages the firm to remain confident in its turnaround story, the analyst tells investors in a research note.