BofA Securities sees Victoria's Secret in trouble due to sal...
BofA Securities sees Victoria's Secret in trouble due to sales slowdown and high expenses. The bank also anticipates further sales risk if the lingerie market continues shifting towards casual, multi-function bras. Despite earlier optimism, BofA now expects benefits from sport market shares and Adore Me's tech platform to take longer to materialize.
Losses Pile up for Victoria's Secret as BofA Double Downgrades Stock
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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