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-0.000494608764467278 0.0035611831041646 0.00628153130873484 0.00702344445543583 0.00662775744386192 0.00662775744386192 0.00662775744386192 0.00662775744386192
Stock impact report

Victoria's Secret upgraded by Bank of America on margin expansion opportunity [Yahoo! Finance]

Victorias Secret & Co. (VSCO) 
Company Research Source: Yahoo! Finance
Victoria's Secret & Co. (NYSE:VSCO) has been upgraded to a ‘Buy' rating from ‘Neutral' by Bank of America analysts who cited expectations for continued sales momentum and margin expansion that could drive high-teens earnings growth. The firm also raised its price target to $68 from $58, implying upside from Wednesday afternoon's price of $51. Bank of America wrote that it upgraded the shares as it expects sales momentum will continue, supporting mid- to high-teens earnings per share growth driven by operating margin expansion from current levels. The analysts also see the company's new management team as taking steps to reposition the brand and support more durable growth. “Our conviction that sales growth will continue is driven by the renewed focus on product innovation, marketing investments, and outsized growth opportunities in beauty and international,” they wrote. It also pointed to recent operating trends as supportive of its thesis, highlighting a return to growth i Show less Read more
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