Stock Track | Victoria's Secret Soars 5.06% Intraday on Analyst Upgrades and Strong Q3 Performance

Stock Track12-09

Victoria's Secret & Co (VSCO) saw its stock surge 5.06% intraday on Monday, reflecting strong investor confidence following a series of analyst upgrades and raised price targets. The company's recent third-quarter earnings beat and upwardly revised full-year guidance have bolstered market sentiment.

The rally was driven by multiple Wall Street firms, including JP Morgan, UBS, Barclays, and Telsey Advisory Group, raising their price targets and ratings. JP Morgan upgraded VSCO to overweight from neutral, citing the company's successful turnaround strategy and improving sales momentum. UBS highlighted the company's regained market share and potential for sustained growth, raising its target to $60. These upgrades follow VSCO's strong Q3 results, which showcased higher full-price sales and robust demand across its brands.

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