Yahoo Finance

Telsey Advisory lowered the firm’s price target on Victoria’s Secret (VSCO) to $24 from $40 and keeps a Market Perform rating on the shares. The company’s headline results exceeded expectations by a wide margin, the analyst tells investors. While the strong finish to FY24 is encouraging, the company noted slowing trends in late-January into February, the firm adds. While the company has made strides in improving its product and messaging, work remains to be done to reposition the brand in a highly competitive, low growth category, the firm concludes.

Optimize Your Investment Research with Spark

• Effectively assess a stock's risks and opportunities with a clear breakdown of its positive and negative factors.

• Uncover insightful assessments of a stock's market performance and potential with a comprehensive competitor analysis .

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on VSCO:

Questions or Comments about the article? Write to editor@tipranks.com

• Victoria’s Secret price target lowered to $31 from $46 at BMO Capital

• Morning Movers: Burlington jumps and Macy’s falls as retailers report earnings

• Victoria’s Secret: Balancing Challenges and Growth Potential Amid Positive Trends and Financial Stability

• Victoria’s Secret price target lowered to $35 from $43 at JPMorgan

• Victoria’s Secret price target lowered to $25 from $40 at Wells Fargo