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…
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