UBS analyst Mauricio Serna lowered the firm’s price target on Victoria’s Secret (VSCO) to $34 from $47 and keeps a Neutral rating on the shares. The firm’s analyses indicate Victoria’s Secret’s business has slowed since January and this softness has continued into February, which will likely cause the company to guide conservatively for fiscal 2025, with an implied EPS range below the Street’s $2.81 forecast, the analyst tells investors in a research note. At the same time, the firm thinks the market has similar expectations and doubts sentiment around Victoria’s Secret changes much over its Q4 report.
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