** Shares of lingerie maker Victoria's Secret rise ~4% to $44.69 premarket
** Co forecasts FY 2024 net sales to be up about 1% to 2%, compared with prior outlook of down ~1%
** Posts Q3 revenue of $1.35 bln vs. analysts' estimate of $1.29 bln and adjusted loss per share of 50 cents, above expectations of a 63 cents loss
** Brokerage Telsey Advisory Group says they are encouraged to see progress across both Victoria's Secret and PINK brands, as co's intimates business outpaced broader domestic intimates market during the quarter
** Expects new CEO Hillary Super's experience should serve her well as she works to evolve VSCO's brand positioning and improve growth and profitability sustainably over time, while noting work remains to be done on the PINK brand
** Four of 12 brokerages rate the stock "buy" or higher, four "hold" and four "sell"; with a median PT of $30
** Up to Thursday's close, stock has risen 62% YTD
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
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