Bank of America Upgrades Victoria’s Secret to 'Buy' on Margin Expansion and Growth Prospects
Bank of America upgraded Victoria’s Secret (VSCO) to a 'Buy' rating from 'Neutral', citing expectations of continued sales growth and margin expansion. The price target was raised to $68 from $58, reflecting optimism about the company's renewed focus on product innovation and international growth.
Tickers: $VSCO
Topics: analyst upgrade margin expansion operating margin product innovation sales growth stock rating