Victoria’s Secret price target raised to $25 from $17 at Barclays

Barclays analyst Adrienne Yih raised the firm’s price target on Victoria’s Secret to $25 from $17 and keeps an Equal Weight rating on the shares. The company reported Q3 results that missed on earnings mostly due to expenses that were above the high point of management’s prior outlined range, the analyst tells investors in a research note. Sales trends improved month-over-month throughout the quarter and into November, while Pink apparel remains challenged and negatively impacted sales growth, says the firm.