Victoria's Secret (VSCO) PT Raised to $35 at Jefferies

Jefferies analyst Corey Tarlowe raised the price target on Victoria's Secret (NYSE: VSCO) to $35.00 (from $30.00) while maintaining a Buy rating.

The analyst comments "The VS Fashion Show has proved to be both a cultural and commercial engine. With the show upcoming, we provide a playbook on how the event could help drive NT results. Outlined below are share-gaining opportunities to build a case for the show’s impact and how strong execution points to NT upside. With this NT catalyst, improving data, growing investor interest, while sentiment remains negative (SI >18%), we are raising our PT to $35. Upside PT to $45."

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