Morgan Stanley Downgrades Victoria's Secret to Underweight, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Steiger downgraded Victoria's Secret (VSCO) from Equal-Weight to Underweight and reduced the price target from $19 to $15.

May 06, 2024 | 10:24 am
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Victoria's Secret downgraded by Morgan Stanley from Equal-Weight to Underweight, with a price target reduction from $19 to $15.
The downgrade by a major analyst like Morgan Stanley can significantly impact investor sentiment towards Victoria's Secret, likely leading to a short-term decrease in stock price. The reduction in price target further emphasizes a bearish outlook on the stock, influencing market perception and potentially leading to a sell-off.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100