Morgan Stanley Maintains Equal-Weight on Victoria's Secret, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Steiger has maintained an Equal-Weight rating on Victoria's Secret (NYSE:VSCO) and lowered the price target from $17 to $16.

October 13, 2023 | 2:17 pm
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Victoria's Secret's price target has been lowered from $17 to $16 by Morgan Stanley, while maintaining an Equal-Weight rating.
The lowering of the price target by a major financial institution like Morgan Stanley could potentially lead to a decrease in the stock price of Victoria's Secret in the short term. The Equal-Weight rating suggests that the stock is expected to perform in line with the sector or the market, but the reduced price target may negatively impact investor sentiment.
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IMPORTANCE 80
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