Telsey Advisory raised the firm’s price target on Victoria’s Secret (VSCO) to $50 from $40 and keeps a Market Perform rating on the shares. The company delivered solid results, with both sales and expense control beating market expectations, the analyst tells investors. While the firm believes the company is showing early signs of improved momentum under CEO Hilary Super, Telsey sees earnings upside as already included in its valuation.
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Read More on VSCO:
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