Photo: eluniverso.com
Telsey Advisory Lifts PT on Victoria's Secret & Co. (VSCO) to $29 From $24
Telsey Advisory has upgraded Victorias Secret & Co.s stock price target to $29, signaling confidence in the brands potential as a strong retail investment.
- On October 1, Telsey Advisory raised the price target for Victorias Secret & Co. (NYSE:VSCO) from $24 to $29 while maintaining a Market Perform rating.
- Victorias Secret, known for its iconic Fashion Show, has been highlighted as one of the most undervalued retail stocks, attracting investor interest.
- The brands resurgence in popularity, supported by social media figures like Missy Elliott, Karol G, and Madison Beer, plays a key role in its valuation growth.
Why It Matters
The upgrade reflects a growing optimism in the retail sector, particularly for brands like Victorias Secret that are adapting to modern consumer preferences. As social media influences shopping habits, the brands collaborations with popular artists may enhance its market appeal.