Morgan Stanley Upgrades Victoria's Secret (VSCO) to Equalweight

Morgan Stanley analyst Kimberly Greenberger upgraded Victoria's Secret (NYSE: VSCO) from Underweight to Equalweight with a price target of $20.00 (from $14.00).

The analyst comments "We upgrade VSCO to Equal-weight, as 1) leadership changes put turnaround hopes back in play, 2) 2Q upside makes for an achievable 2H bar, & 3) this new leadership halo likely means any N-T shortcomings are mostly forgiven in the ~NTM. Raise PT to $20."

For an analyst ratings summary and ratings history on Victoria's Secret click here. For more ratings news on Victoria's Secret click here.

Shares of Victoria's Secret closed at $19.07 yesterday.

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