Movement Alert｜Victoria's Secret & Co Rises 5.05% in Regular Trading, JPMorgan Raises Target Price to $110 Boosting Sentiment

Market Focus08-08 03:12

On August 8, Victoria's Secret & Co rose 5.05% in regular trading, trading at $98.29 per share, with turnover of $83.58 million.

On the news front, JPMorgan recently raised its target price on Victoria's Secret & Co from $88 to $110, representing one of the highest target prices on the Street, signaling strong confidence in the company's sustained growth trajectory. The upgrade comes amid a backdrop of robust operational momentum, with the company having delivered four consecutive quarters of strong comparable-store sales growth, with Q1 accelerating to 13%. Management also raised full-year sales and earnings guidance. Additionally, BofA Securities raised its target price to $95 from $68 while maintaining a Buy rating.

Victoria's Secret & Co. operates as a specialty retailer of women's intimate and other apparel and beauty products worldwide, offering products under the Victoria's Secret, PINK, and Adore Me brands through retail stores, e-commerce platforms, and franchise arrangements.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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