Victoria's Secret & Co (VSCO) stock plummeted 6.09% during intraday trading on Friday, marking a significant decline for the lingerie retailer.

The sharp drop follows a research note from Barclays, which cut its price target on the company's stock to $67 from $80. Analyst target price reductions are often interpreted by the market as a sign of deteriorating fundamentals or reduced growth expectations, prompting investors to adjust their positions.

While the specific rationale behind Barclays' downward revision was not detailed in the available reports, such actions from a major financial institution frequently contribute to immediate negative sentiment and selling pressure.