Bank of America Securities Sticks to Their Hold Rating for Victoria’s Secret (VSCO)
In a report released today, Lorraine Hutchinson from Bank of America Securities reiterated a Hold rating on Victoria’s Secret, with a price target of $58.00.
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Hutchinson covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Nike, and TJX Companies. According to TipRanks, Hutchinson has an average return of 1.3% and a 50.91% success rate on recommended stocks.
In addition to Bank of America Securities, Victoria’s Secret also received a Hold from TD Cowen’s Jonna Kim in a report issued today. However, on the same day, Barclays maintained a Buy rating on Victoria’s Secret (NYSE: VSCO).
Based on Victoria’s Secret’s latest earnings release for the quarter ending November 1, the company reported a quarterly revenue of $1.47 billion and a GAAP net loss of $37 million. In comparison, last year the company earned a revenue of $1.35 billion and had a GAAP net loss of $56 million
Read More on VSCO:
Disclaimer & DisclosureReport an Issue
- Balancing Turnaround Momentum and Emerging Headwinds: Rationale Behind a Hold Rating and Trimmed Price Target
- Victoria’s Secret price target lowered to $67 from $80 at Barclays
- Victoria’s Secret & Co. Earnings Call Signals Renewed Momentum
- Victoria’s Secret: Sustained Recovery, Margin Momentum, and an Attractive Buy on Share-Price Weakness
- Victoria’s Secret price target lowered to $65 from $70 at Jefferies
