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VSCO trade ideas
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.
