Shares of Victoria's Secret & Co. (VSCO) plunged 5.10% intraday on Friday as multiple analysts slashed their price targets on the lingerie retailer, citing concerns over its growth outlook and profitability.
Morgan Stanley cut its price target on VSCO to $23 from $38, maintaining an equal-weight rating. The investment bank cited slowing demand and increased promotional activity as headwinds for Victoria's Secret. In a note, Morgan Stanley analysts warned that the company's EBIT margin is likely to remain pressured in the near-term.
Jefferies also lowered its price target on VSCO to $42 from $55, while TD Cowen cut its target to $22.50 from $37. Both brokerages expressed concerns over the company's ability to sustain growth and maintain profitability amid a challenging retail environment.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。