UBS upgrades Victoria’s Secret as turnaround gains traction By Investing.com
Update: 2025-10-29
Description
UBS upgrades Victoria's Secret to Buy, predicting a 30% stock surge, as the lingerie retailer's business turnaround gains momentum. The new management approach, focusing on store operations, cost controls, and debt reduction, is expected to drive annual earnings per share growth of 21% through fiscal year 2029. UBS anticipates strong numbers in Q3 and Q4, with a profit margin rebound in the second half of 2026. The price target is raised to $46, reflecting a higher valuation due to improved outlook for sustainable profit growth. However, risks remain, including potential sales slowdown post-holiday season and increased competition from newer brands and lower-priced retailers.
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