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Victoria's Secret's (VSXY) risk-reward profile now looks more balanced, while the lingerie retailer'

Investing.com -- Victoria's Secret was downgraded by both Jefferies and UBS on Wednesday after a nearly 50% post-earnings surge left analysts concluding the company's turnaround is now fairly reflected in the stock's valuation.

UBS cited valuation as the rationale for the downgrade, arguing that the key drivers of its bullish investment thesis have largely materialized.

Victoria’s Secret & Co. (NYSE:VSCO) reported first-quarter results that comfortably exceeded market expectations and raised its full-year financial guidance, sending shares sharply higher in premarket trading.

Wells Fargo just delivered a contrarian gut check to Nike (NYSE:NKE) stock bulls, downgrading the athletic wear giant to Equal Weight from Overweight and trimming its price target to $45 from $55. The call lands with Nike stock already under pressure, down roughly 30% year to date (YTD) and off 25% over the past year. ... Wells Fargo Downgrades Nike to Equal Weight: GLP-1 Mega-Trend Threatens the Athletic Wear Giant

HubSpot downgraded, Qualcomm upgraded: Wall Street's top analyst calls

Investing.com -- Wells Fargo on Friday reshuffled its ratings across the U.S. apparel and retail sector, upgrading Victoria’s Secret and downgrading Nike and Deckers, arguing that the rapid adoption of GLP-1 weight-loss drugs is impacting consumer spending in ways that favor clothing over footwear and athletic wear.