Victoria’s Secret price target raised to $29 from $25 at BofA

BofA raised the firm’s price target on Victoria’s Secret to $29 from $25 and keeps a Buy rating on the shares. October was the strongest month of Q3 and Q4-to-date trends have continued to improve sequentially, notes the analyst, who is raising the firm’s price target by 16% to reflect peer multiple expansion and progress of the turnaround indicated by the improving trends.