Wells Fargo Maintains Overweight on Victoria's Secret, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow maintains an Overweight rating on Victoria's Secret (NYSE:VSCO) but lowers the price target from $55 to $34.
June 02, 2023 | 11:34 am
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NEUTRAL IMPACT
Wells Fargo maintains an Overweight rating on Victoria's Secret (NYSE:VSCO) and lowers the price target from $55 to $34.
The news of Wells Fargo maintaining an Overweight rating on Victoria's Secret indicates a positive outlook for the company. However, the lowering of the price target from $55 to $34 suggests that the analyst has revised expectations for the stock's performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100