LB - L Brands +1% after landing on Deutsche Bank's catalyst call list

Deutsche Bank fires off a catalyst call buy idea on L Brands (LB) on its view that ongoing momentum for Bath & Body Works will lead to upside.The stance from DB on Victoria's Secret brand isn't alarming."We believe LB remains squarely on the right track to improve profitability and sales at Victoria’s Secret as we observed promotional activity that was meaningfully below last year’s levels during the month of September, particularly across categories such as bras, panties, and lounge/ sleepwear, and the month marked the best result we have seen since November 2017. "Shares of L Brands are 1.05% higher in premarket action.More than half the Wall Street firms covering L Brands are on the sidelines.

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L Brands +1% after landing on Deutsche Bank's catalyst call list