4 Reasons Victoria's Secret Stock Is Poised for Major Gains After Its Spin-Off
Investors and Wall Street analysts alike seem enthralled with the now stand-alone Victoria's Secret (NYSE: VSCO) after its Aug. 3 spin-off from Bath & Body Works (NYSE: BBWI), formerly L Brands. Over its brief history, its stock price has risen more than 62% to climb to nearly $75 a share, while it has been showered with bullish ratings by major investment firms, with price targets as high as $100 a share.
Some investors might wonder if this stock market renaissance is truly justified, given that Victoria's Secret for many years was viewed as the millstone around L Brands' neck, dragging it down toward bankruptcy. However, there are at least four reasons the current optimism may be valid and the company's future prospects may indeed be strongly bullish.
Image source: Victoria's Secret.
Source Fool.com