Victoria’s Secret stock (VSCO) is poised to look much sexier over the next 12 months, says closely followed JPMorgan retail analyst Matt Boss. Boss reiterated his Overweight (buy equivalent) rating and $100 price target on Victoria’s Secret on Wednesday after a host of positive news from the intimate apparel retailer sent its stock higher by 11% to $53. First, the company revealed a new $250 million stock buyback plan. The plan is the first buyback for Victoria’s Secret since being… Source link
Read More »USWNT’s Megan Rapinoe leads Victoria’s Secret rebrand
Victoria’s Secret marketing is about to look quite different. The embattled lingerie brand announced a new marketing direction on Wednesday featuring a group of faces intended to move it beyond its famous “Angel” models. One of those faces: USWNT star Megan Rapinoe. That may sound like a surprise for those who are familiar with both Rapinoe, one of the most outspoken progressive voices in sports, and Victoria’s Secret, which has long drawn criticism for its narrow reinforcement of women’s… Source link
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