Wells Fargo analyst Ike Boruchow maintains $Victoria's Secret (VSCO.US)$ with a buy rating, and adjusts the target price from $30 to $33.
According to TipRanks data, the analyst has a success rate of 46.9% and a total average return of -2.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Victoria's Secret (VSCO.US)$'s main analysts recently are as follows:
Victoria's Secret's recent Fashion Show highlighted its renewed commitment to engaging customers effectively. The ongoing recovery narrative is increasingly convincing, supported by positive changes in leadership and a rebound in comparable sales as the brand's perception continues to enhance.
Following discussions with the new management team of Victoria's Secret, analysts reported an optimistic outlook. The new CEO Hillary Super is reportedly focusing efforts on impactful changes that are both rapid and deliberate, emphasizing a strategy that relies heavily on data and prioritizes the customer. Recent advancements within the company are described as foundational, with analysts noting significant enhancements in gross margin, which despite improvements, remain below the average of their peers.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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