Victorias Secret & Co (NYSE:VSCO) shares are trading lower Thursday on the heels of the company’s mixed fourth-quarter results. JPMorgan downgraded the stock and other analysts lowered price targets following the print.
What Happened: Victoria’s Secret reported fourth-quarter revenue of $2.08 billion, which missed consensus estimates of $2.09 billion, per Benzinga Pro. The company reported earnings of $2.58 per share, which beat estimates of $2.47 per share.
Victoria’s Secret said it generated $589 million in operating cash flow during the quarter and paid down $410 million on its asset-based revolving credit facility. …