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 …