BMO Capital analyst Simeon Siegel maintains $Victoria's Secret (VSCO.US)$ with a buy rating, and adjusts the target price from $33 to $46.
According to TipRanks data, the analyst has a success rate of 56.7% and a total average return of 6.8% 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:
Recent financial trends in the near term for Victoria's Secret have faced some pressure from macroeconomic factors, which might mask the brand's recovery initiatives. Although a steady recovery isn't anticipated, the potential for long-term growth is believed to remain consistent, with the company seen as capable of reclaiming lost sales and recuperating margins.
Victoria's Secret exhibited multiple encouraging signals in its Q3 results, including growth in North America, gains in market share, and expansion of the PINK apparel line. These positives were slightly offset by a slight gross margin miss. The company is now experiencing growth in operating income, with management indicating that the momentum observed in Q3 continued through the Black Friday/Cyber Monday sales period.
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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