Victoria's Secret & Co. shares rise amid analyst rating updates

Victoria's Secret & Co. (NYSE:VSXY) shares rose 5.6% during Monday trading, reaching a high of $88.37. The company maintains a market capitalization of approximately $7.13 billion.

Financial analysts have recently adjusted their outlooks for the company. Morgan Stanley and Telsey Advisory Group both increased their price targets, with Morgan Stanley raising its target to $101.00 and Telsey Advisory Group to $100.00. Conversely, UBS Group lowered its price objective from $95.00 to $87.00. Other firms, including TD Cowen and Weiss Ratings, have also issued recent updates on the stock.

The company operates a multi-channel retail model, selling intimate apparel, lingerie, beauty products, and accessories through physical stores, e-commerce platforms, and catalogs. Revenue is generated through direct sales and licensing agreements for fragrances and beauty products.