BUZZ-Victoria's Secret up after Jefferies raises PT to Street high ahead of 2025 Fashion Show

Reuters
Oct 03
BUZZ-<a href="https://laohu8.com/S/VCCTF">Victoria</a>'s Secret up after Jefferies raises PT to Street high ahead of 2025 Fashion Show

** Lingerie maker Victoria's Secret's <VSCO.N> shares up ~1.5% at $29.62

** Jefferies raises PT on stock to Street high ahead of 2025 Victoria Secret Fashion Show

** Raises PT to $35 from $30, citing the show is expected to drive momentum through the holiday season and support improving results

** "With core categories stabilizing and franchises like beauty gaining traction, we see multiple levers for share growth despite near-term tariff headwinds," says brokerage

** Adds "VSCO's 2024 show drove record engagement and incremental traffic, reinforcing brand momentum into 2025"

** VSCO raised its full-year sales forecast in August, attributing it to the strong demand of its Victoria's Secret and PINK brands products

** Two of 10 brokerages rate the stock "buy" or higher, five "hold" and three "sell"; with a median PT of $25

** Up to last close, the stock is down ~30% YTD

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))

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