VSCO - Victoria's Secret Analysts Note 'Sluggish Start' To 2024 Stock Nosedives After Q4 Report | Benzinga
Shares of Victoria's Secret & Co (NYSE: VSCO) declined by more than 30% to $17.91 at the time of publication on Thursday after the lingerie company reported disappointing fourth-quarter revenues.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- BMO Capital Markets analyst Simeon Siegel maintained an Outperform rating, while reducing the price target from $29 to $26.
- Telsey Advisory analyst Dana Telsey reiterated a Market Perform rating and price target of $29.
- Morgan Stanley analyst Jenna L Giannelli pointed out how comp sales and store comp sales declined by 6% year-on-year and 8% year-on-year, respectively.
Check out other analyst stock ratings.
BMO Capital Markets: Victoria's Secret reported fourth-quarter sales of around $2.083 billion, in-line ...