B of A Securities Maintains Buy on Victoria's Secret, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lorraine Hutchinson maintains a Buy rating on Victoria's Secret (NYSE:VSCO) but lowers the price target from $50 to $30.

June 01, 2023 | 12:55 pm
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NEUTRAL IMPACT
B of A Securities maintains a Buy rating on Victoria's Secret (NYSE:VSCO) but lowers the price target from $50 to $30.
The news of B of A Securities maintaining a Buy rating on Victoria's Secret is positive for the stock. However, the lowering of the price target from $50 to $30 indicates a reduced growth expectation, which may offset the positive sentiment. This results in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100