Victoria's Secret: Brand Revival Under New Management and the Road to Recovery

Victoria's Secret's investment narrative has shifted under new management, with recent results showing modest revenue and earnings progress, and guidance nudged higher. The brand rebuild and return of the fashion show have been credited by institutional investors, but high debt and premium earnings multiples remain concerns. Investors should weigh the potential risks and catalysts when considering the stock's fair value estimates, which span from $24 to $93.