L Brands tapped by Stifel for gains

|About: L Brands, Inc. (LB)|By:, SA News Editor

Stifel Nicolaus upgrades L Brands (LB) to a Buy rating from Hold following the retailer's Q1 report.

The investment firm likes the long-term L Brands story as it positions Victoria's Secret Direct for growth (0% comp in Q1) and shifts its product mix to higher-margin items.

LB +1.0% premarket