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Victoria’s Secret & Co (NYSE:VSCO) shares were among the top 10 mid-cap gainers last week.
The company continues to witness positive sales trends so far in the fourth quarter, which more or less matches October’s exit rate of high-single-digits, according to JPMorgan.
Analyst Matthew Boss upgraded the rating for Victoria’s Secret from Underweight to Neutral, while raising the price target from $29 to $45.
The Victoria’s Secret Thesis: Management cited several factors supporting the quarter-to-date momentum, including a strong “base” business, the carrying forward of the effects of …
Full story available on Benzinga.com
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