- Shares of L Brands (NYSE:LB) track higher in early trading after Barclays bumps up the retailer two notches straight to an Overweight rating from Underweight.
- Analyst Adrienne Yih and team see value with activist pressure on L Brands increasing the odds for a major structural change.
- The firm assigns a new price target of $30 to rep 50% upside potential and stand above the average sell-side PT of $20.98.
- KeyBanc turned positive on L Brands earlier this week.
- LB +4.15% premarket to $20.81 vs. the 52-week trading range of $15.80 to $29.02.