Cowen analyst Jonna Kim raised the firm’s price target on Victoria’s Secret to $45 from $35 and keeps an Outperform rating on the shares. The analyst believes they have ample opportunities ahead to regain market share in the US and grow internationally; however customers are price conscious and sales trends could remain soft in the near-term.
Published first on TheFly
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- Victoria’s Secret price target raised to $53 from $45 at BMO Capital
- Victoria’s Secret downgraded to Neutral from Overweight at JPMorgan
- Victoria’s Secret sees FY22 EPS $4.50-$4.95, consensus $4.73
- Victoria’s Secret sees Q4 EPS $2.00-$2.45, consensus $2.32
- Victoria’s Secret reports Q3 EPS 29c, consensus 23c
