Morgan Stanley Maintains Equal-Weight Rating for Victoria's Secret: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating for Victoria's Secret (NYSE:VSCO) but lowered its price target from $19.00 to $17.00. Victoria's Secret shares are currently trading at $19.31, up 0.68% over the last 24 hours. A move to $17.00 would represent a 11.96% decline from the current share price.
September 01, 2023 | 5:00 pm
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Morgan Stanley has maintained its Equal-Weight rating for Victoria's Secret but lowered its price target. This could potentially lead to a decrease in the stock's price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. Morgan Stanley's decision to lower the price target for Victoria's Secret could lead to a decrease in the stock's price as it suggests that the firm believes the stock is currently overvalued.
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