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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100