1233 ET - Victoria's Secret's latest initiatives around newness, combined with captivating marketing initiatives, are drawing customer interest, TD Cowen analysts say in a research note. Still, the lingerie retailer's new leadership has substantial room for improvement across both its VS and Pink brands, the analysts add. "The recent outperformance is largely attributable to the fashion show, as well as having easier comparisons at both Pink apparel and intimates, and continue to monitor execution," the analysts add. TD Cowen raises its target price to $45 from $35 per share previously. Shares fall 1% to $47.55.(sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
December 09, 2024 12:33 ET (17:33 GMT)
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