Barclays Maintains Equal-Weight on Victoria's Secret, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Equal-Weight rating on Victoria's Secret (VSCO) and lowers the price target from $25 to $15.
March 08, 2024 | 11:08 am
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Barclays maintains an Equal-Weight rating on Victoria's Secret and lowers the price target from $25 to $15.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in VSCO's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the stock as fairly valued at its current price, but the significant drop in the price target suggests there are concerns about the company's future performance or market conditions that could impact its stock price negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100