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Victoria’s Secret price target lowered to $45 from $51 at Barclays
The Fly

Victoria’s Secret price target lowered to $45 from $51 at Barclays

Barclays analyst Adrienne Yih lowered the firm’s price target on Victoria’s Secret to $45 from $51 and keeps an Equal Weight rating on the shares. The analyst sees ongoing risk to first half of 2023 estimates for the specialty retailers, in particular those with negative year-over-year sales. At retail, the risk is shifting from inventory pressure to sales deleverage, Yih tells investors in a research note. She calls Burlington her top pick for 2023.

Published first on TheFly

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