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Needham Gives Victoria’s Secret Buy Rating, Says Turnaround Is in Early Stages

Needham said the retailer’s recovery will span several years.

Updated 1 min read
Shoppers pass a lingerie retailer on a Manhattan shopping street in New York City. (AI-generated image / EconoTimes)
Shoppers pass a lingerie retailer on a Manhattan shopping street in New York City. (AI-generated image / EconoTimes)

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Needham assigned Victoria’s Secret & Co. a Buy rating when it launched coverage on Oct. 16. Needham said the retailer’s recovery will take several years and is only beginning.

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