Barclays Maintains Equal-Weight Rating for Victoria's Secret: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Equal-Weight rating for Victoria's Secret (NYSE:VSCO) and lowered its price target from $35.00 to $21.00. Shares of Victoria's Secret are trading up 4.99% over the last 24 hours, at $19.57 per share.

June 02, 2023 | 5:00 pm
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Barclays maintains Equal-Weight rating for Victoria's Secret and lowers price target from $35 to $21. Shares are trading up 4.99% at $19.57.
Barclays' decision to maintain its Equal-Weight rating for Victoria's Secret indicates a neutral outlook for the stock. However, the lowered price target from $35 to $21 suggests that the bank sees limited upside potential. The stock is currently trading up 4.99% at $19.57, and a move to $21 would account for a 7.31% increase from the current share price. Given the mixed signals, the short-term impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100