Victoria's Secret Navigating Unsettled Macro Environment, Analyst Lowers Expectations
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey has lowered the price target for Victoria's Secret & Co. (NYSE:VSCO) to $31 from $41, maintaining a Market Perform rating. The company faces challenges in a complex macro environment and is set to report 1Q23 earnings on May 31.
May 24, 2023 | 6:14 pm
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Victoria's Secret price target has been lowered to $31 from $41 by Telsey Advisory Group analyst Dana Telsey, who maintains a Market Perform rating. The company is facing challenges in a complex macro environment.
The lowered price target for Victoria's Secret by Telsey Advisory Group analyst Dana Telsey is a direct result of the company's challenges in navigating a complex macro environment. This news is likely to have a negative impact on the stock price in the short term, as it indicates lowered expectations for the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100