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

Market Focus
08/08

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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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