Robert W. Baird lifts L Brands (NYSE:LB) to an Outperform rating after having the retailer set at Neutral.
The Victoria's Secret business is seen as set for a turnaround under its new management.
The investment firm hikes the price target on L Brands to $70 to rep 17% upside potential for shares. The 52-week high for L Brands is $68.44.
LB +1.08% premarket to $60.87.
Now read: L Brands Reaching An Inflection Point »