Victoria’s Secret price target lowered to $17 from $20 at Barclays

Barclays analyst Adrienne Yih lowered the firm’s price target on Victoria’s Secret to $17 from $20 and keeps an Equal Weight rating on the shares following the investor day. The company provided fiscal 2026 targets for mid-single-digit annual sales growth and 10%-12% operating margin driven largely by gross margin expansion, while the low end of the Q3 guidance range was narrowed positively, the analyst tells investors in a research note.