BMO Capital Maintains Outperform on Victoria's Secret, Lowers Price Target to $23
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Simeon Siegel has maintained an 'Outperform' rating on Victoria's Secret (NYSE:VSCO) but lowered the price target from $25 to $23.
August 31, 2023 | 12:12 pm
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Victoria's Secret's price target has been lowered from $25 to $23 by BMO Capital, although the 'Outperform' rating is maintained.
The lowering of the price target by BMO Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100