L Brands on the move after upgrade

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

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.