BUZZ-Victoria's Secret rises after Barclays upgrades on sales growth

Reuters
28 Jan
BUZZ-<a href="https://laohu8.com/S/VCCTF">Victoria</a>'s Secret rises after Barclays upgrades on sales growth

** Lingerie maker Victoria's Secret's VSCO.N shares rise 5.09% to $39.28

** Brokerage Barclays upgrades to "overweight" from "equal weight", raises PT

** Says company checks off its three critical catalysts - improved full-price selling this quarter, sales growth and a good sales-to-inventory ratio

** Believes new CEO, Hillary Super, will accelerate growth and regain market share

** VS and Pink are resonating with consumers following the company's return to its core brand roots and product newness that builds on its heritage - brokerage

** Eleven of 19 brokerages rate the stock "buy" or higher, eight "hold"; their median PT is $86 - data compiled by LSEG

** VSCO stock rose 4.55% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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