Wells Fargo raised the firm’s price target on Victoria’s Secret (VSCO) to $33 from $30 and keeps an Overweight rating on the shares. The firm notes Victoria’s Secret’s Fashion Show last week showcases its refocused efforts to reach consumers, and Wells continues to gain confidence in this early turnaround story – with a compelling new CEO in place as comps have begun to recover as brand sentiment is improving.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VSCO:
- Victoria’s Secret price target raised to $33 from $29 at BMO Capital
- Victoria’s Secret call volume above normal and directionally bullish
- Victoria’s Secret put volume heavy and directionally bearish
- Nvidia, ARM initiated: Wall Street’s top analyst calls
- Victoria’s Secret upgraded to Equal Weight from Underweight at Barclays