Victoria secret is gem for long run.
The apparel and lifestyle company has a new lease on life, and investors seem bullish. J.P. Morgan is constructive on the new standalone retail stock with an Overweight rating and a December 2022 price target of $100. Importantly, our model conservatively embeds +2.9% same-store-sales in FY22/23 (< +3.3% TTM & mgmt’s mid-single-digit target) & below the estimated +6-8% 2021-25 CAGR for the ~460B global intimates and loungewear industry."
J.P. Morgan assigns a price target of $100 to VSCO to rep more than 70% upside for shares.
J.P. Morgan assigns a price target of $100 to VSCO to rep more than 70% upside for shares.
Trade closed: stop reached
Just the correction phase but I am still bullish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.