Goldman Sachs Upgrades L Brands To Conviction Buy

Analysts at Goldman Sachs upgraded L Brands Inc LB from Buy to Conviction Buy. The price target for L Brands has been raised from $104.00 to $106.00. L Brands shares have gained 52.58 percent over the past 52 weeks, while the S&P 500 index has surged 11.87 percent in the same period. L Brands' shares jumped 2.80 percent to $89.91 in pre-market trading.