BMO lifts Victoria’s Secret stock price target on brand strategy By Investing.com
On Thursday, BMO Capital Markets adjusted its outlook on Victoria’s Secret (NYSE:VSCO) shares, increasing the lingerie retailer’s price target to $33 from $29 while reaffirming an Outperform rating. The revision follows a series of meetings with the company’s top executives, including the newly appointed CEO Hillary Super.
The BMO analyst noted the positive atmosphere of the discussions with CEO Hillary Super, CFO and Investor Relations Officer Tim Johnson, and VP of Investor Relations Kevin Wynk. The meetings highlighted the new CEO’s approach to making impactful changes swiftly and thoughtfully, with a focus on data and customer-centric strategies.
According to the analyst, there is a significant opportunity for Victoria’s Secret to…
