Wells Fargo Downgrades Victoria's Secret to Equal-Weight, Lowers Price Target to $18
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Ike Boruchow has downgraded Victoria's Secret (NYSE:VSCO) from Overweight to Equal-Weight and lowered the price target from $34 to $18.
August 31, 2023 | 9:46 am
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Victoria's Secret has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target from $34 to $18.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for Victoria's Secret. The lowered price target from $34 to $18 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100