Movement Alert｜Victoria's Secret & Co Rises 5.2% in Regular Trading, JPMorgan Raises Target Price to $110

Market Focus07-28

On July 28, Victoria's Secret & Co rose 5.2% in regular trading, trading at $89.785 per share, with turnover of $83.18 million.

On the news front, JPMorgan raised its target price on Victoria's Secret & Co from $88 to $110, implying approximately 22% upside from the current level and signaling strong confidence in the company's growth trajectory. Previously, BofA Securities had also raised its target price from $68 to $95 while maintaining a Buy rating, with the consensus mean target now at $84.11 according to FactSet. Multiple institutions have continued to express optimism regarding the company's transformation progress.

On the sector side, the Apparel Retail industry saw broad-based strength on the same day, with Abercrombie & Fitch up 3.96%, Gap up 3.64%, Burlington up 3.62%, Ross up 3.13%, and TJX Companies up 2.15%, providing additional sector tailwinds.

(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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