Victoria’s Secret (NYSE:VSCO) Price Target Raised to $90.00 at Bank of America

Victoria’s Secret (NYSE:VSCO) had its price target lifted by Bank of America from $75.00 to $90.00 in a research note issued to investors on Monday morning, The Fly reports. They currently have an average rating on the stock.

A number of other research firms have also recently issued reports on VSCO. JPMorgan Chase & Co. initiated coverage on Victoria’s Secret in a report on Monday, August 9th. They set an overweight rating and a $100.00 target price for the company. Morgan Stanley restated an equal weight rating on shares of Victoria’s Secret in a research note on Wednesday, August 25th. Barclays assumed coverage on shares of Victoria’s Secret in a research note on Wednesday, August 25th. They set an overweight rating and a $100.00 price objective for the company. Evercore ISI assumed coverage on shares of Victoria’s Secret in a research note on Tuesday, August 10th. They set an outperform rating and a $100.00 price objective for the company. Finally, Telsey Advisory Group reduced their price objective on shares of Victoria’s Secret from $76.00 to $73.00 and set a market perform rating for the company in a research note on Thursday, August 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Victoria’s Secret has a consensus rating of Buy and a consensus price target of $88.88.

Shares of Victoria’s Secret stock opened at $61.97 on Monday. Victoria’s Secret has a 52 week low of $47.97 and a 52 week high of $76.00.

Victoria’s Secret (NYSE:VSCO) last released its quarterly earnings data on Tuesday, August 17th. The company reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.12. Equities research analysts forecast that Victoria’s Secret will post 7.4 earnings per share for the current fiscal year.

About Victoria’s Secret

Victoria’s Secret & Co is an intimate specialty retailer offering assortment of modern, fashion-inspired collections including signature bras, panties, lingerie, casual sleepwear and athleisure, as well as prestige fragrances and body care. Victoria’s Secret & Co is based in COLUMBUS, Ohio.

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