Goldman Sachs Reiterates Sell Rating on Victoria's Secret (VSCO)

Goldman Sachs analyst Brooke Roach reiterated a Sell rating and $15.00 price target on Victoria's Secret (NYSE: VSCO)

The analyst comments "Our take: We step away from the announcement with our view largely unchanged. While we were pleased to see stronger than expected sales and profitability trends in the quarter, we believe this security breach weighs on overall enthusiasm for the result and fuels a more cautious view on VSCO's ability to navigate an already dynamic operating environment. Looking ahead, we expect management's discussion on the drivers of today's result to be a key focus, including discussion on the sustainability of these trends as the company continues to execute against and scale its strategic initiatives. We are Sell rated on VSCO."

For an analyst ratings summary and ratings history on Victoria's Secret click here. For more ratings news on Victoria's Secret click here.

Shares of Victoria's Secret closed at $20.27 yesterday.

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