Bank of America downgrades Victoria's Secret to neutral
VSXY Victoria's Secret & Co
$104.63 -4.76%
View chart & analysis → - 1A Bank of America retail analyst downgraded Victoria's Secret from buy to neutral.
- 2The 12-month price target for Victoria's Secret was raised to $112 from the previous $95.
- 3Victoria's Secret shares rose 25% over the past month.
So what's the key point?
Bank of America changed its stance on Victoria's Secret from a buy recommendation to a more cautious one. While expecting the stock to rise further, the bank raised its target price to $112.
Source Zero Hedge +1 · View original ↗
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