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:
- Victoria’s Secret price target raised to $45 from $35 at TD Cowen
- Wells cuts Victoria’s Secret to Equal Weight with turnaround largely priced in
- Victoria’s Secret upgraded to Neutral from Underweight at JPMorgan
- Victoria’s Secret downgraded to Equal Weight from Overweight at Wells Fargo
- Victoria’s Secret price target raised to $44 from $31 at Morgan Stanley