Morgan Stanley Raises Price Target on Victoria’s Secret (NYSE:VSCO) to $20 With an Equal Weight Rating

Victoria’s Secret & Co. (NYSE:VSCO) is one of the 13 Most Undervalued Retail Stocks to Buy Right Now. On June 12, Morgan Stanley raised the firm’s price target on Victoria’s Secret & Co. (NYSE:VSCO) to $20 from $19, keeping an Equal Weight rating on the shares. The analyst updated the rating after Victoria’s Secret & Co. (NYSE:VSCO) reported its fiscal Q1 2025 earnings on June 11, with net sales of $1.353 billion that surpassed its previous guidance range.

A middle aged woman in a boutique trying on intimate products.

The analyst told investors that the fiscal year EPS guidance was lowered completely due to tariffs and is “potentially not fully de-risked.” However, he also said that the Q2 guidance appears “fair/possibly beatable,” leaving the report “incrementally positive” due to management’s “enhanced understanding of the evolved intimates industry.”

He further reasoned that a turnaround “likely takes some time,” and that justifies the Equal Weight rating for now.

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