Morgan Stanley Maintains Equal-Weight on Victoria's Secret, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Steiger maintains an Equal-Weight rating on Victoria's Secret (NYSE:VSCO) and lowers the price target from $44 to $19.
June 02, 2023 | 12:03 pm
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Morgan Stanley maintains an Equal-Weight rating on Victoria's Secret (NYSE:VSCO) and lowers the price target from $44 to $19.
The lowered price target from $44 to $19 by Morgan Stanley analyst Alexandra Steiger indicates a bearish outlook on Victoria's Secret stock. This news may negatively impact the stock price in the short term as it suggests a significant decrease in the company's valuation.
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