Fri Sep 20 06:39:55 UTC 2024: ## Victoria’s Secret Sees Mixed Signals from Analysts: Upgrade, But Still Mostly “Hold”
**New York, NY** – Victoria’s Secret & Co. (NYSE: VSCO) received a boost from Barclays on Wednesday, who upgraded the company’s rating from “underweight” to “equal weight” and set a $25.00 target price, suggesting a potential downside of 3.81%.
However, this positive move comes amidst a mixed bag of analyst opinions. While Wells Fargo & Company increased their target price to $30.00 and gave the stock an “overweight” rating, Morgan Stanley and Bank of America both raised their price targets but maintained “equal weight” and “underperform” ratings respectively. Telsey Advisory Group also upgraded their target price but kept a “market perform” rating, while The Goldman Sachs Group lowered their target price and maintained a “sell” rating.
Overall, the consensus rating for VSCO remains “Hold” with an average target price of $23.60.
Institutional investor activity has been mixed as well. PNC Financial Services Group Inc., Norges Bank, and Natixis all increased their stakes in the company, while Bank of New York Mellon Corp and Dynamic Technology Lab Private Ltd also purchased new positions.
Victoria’s Secret & Co operates as a global specialty retailer offering a wide range of women’s apparel and beauty products under the Victoria’s Secret, PINK, and Adore Me brands.
Investors will be watching closely to see how VSCO navigates the current market environment and how their new strategy will perform in the coming quarters.
First Piper 