UBS raised its price target for Victoria's Secret & Co. to $95 from $90. The investment bank maintained a Neutral rating on the stock.
Second-quarter website traffic increased 45% year-over-year. A decrease in discounting suggests healthier sales and profit margins for the retailer.
Successful product launches and marketing campaigns are driving broad-based momentum. UBS raised its earnings per share estimates for fiscal years 2026 through 2028.
The bank now forecasts an earnings beat for the upcoming second-quarter report.