Barclays analyst Adrienne Yih lowered the firm’s price target on Victoria’s Secret (VSCO) to $22 from $23 and keeps an Overweight rating on the shares. The company announced preliminary Q1 results, which were near or above the high end of its previous guidance ranges, the analyst tells investors in a research note. The firm says Victoria’s also provided an update on a recent security incident, which has not caused a material disruption to date, but could negatively impact Q2 financial results.
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