Victoria's Secret (VSCO) PT Raised to $18 at BofA Securities

BofA Securities analyst Alice Xiao raised the price target on Victoria's Secret (NYSE: VSCO) to $18.00 (from $15.00) while maintaining a Underperform rating.

The analyst comments "Hillary Super has been appointed CEO effective September 9th, 2024, succeeding Martin Waters who will remain at the company as an advisor through August 31st. Super has nearly three decades of retail experience and for the last year served as CEO of intimates and accessories brand Savage X Fenty. Previously, she was Global CEO of Anthropologie for four years. We view Super’s merchandising and turnaround experience as a positive for VSCO but think intimates category challenges will make turning sales positive a difficult task."

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