BUZZ-Victoria's Secret rises after Barclays upgrades on sales growth
ReutersJan 28, 2025 3:22 PM
Lingerie maker Victoria's Secret's VSCO.N shares rise 5.09% to $39.28
Brokerage Barclays upgrades to "overweight" from "equal weight", raises PT
Says company checks off its three critical catalysts - improved full-price selling this quarter, sales growth and a good sales-to-inventory ratio
Believes new CEO, Hillary Super, will accelerate growth and regain market share
VS and Pink are resonating with consumers following the company's return to its core brand roots and product newness that builds on its heritage - brokerage
Eleven of 19 brokerages rate the stock "buy" or higher, eight "hold"; their median PT is $86 - data compiled by LSEG
VSCO stock rose 4.55% in 2024
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