Victoria's Secret (VSCO) PT Raised to $30 at Jefferies

Jefferies analyst Corey Tarlowe raised the price target on Victoria's Secret (NYSE: VSCO) to $30.00 (from $27.00) while maintaining a Buy rating.

The analyst comments "VSCO reported another bottom-line beat after providing preliminary results earlier in the quarter and beating previously provided SG&A expectations. Following better results, mgmt raised VSCO's FY guide. While the intimates marketplace remains challenged, VSCO's commanding control of the space (~20% market share) and new leadership encourages us to remain confident in its turnaround story. REIT Buy and PT to $30."

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