Victoria's Secret rises after Telsey Advisory Group upgrades stock to 'outperform'

Shares of lingerie maker Victoria's Secret VSCO.N up 2% at $54.79 premarket

Telsey Advisory Group upgrades stock to "outperform" from "marketperform", raising PT to $66 from $50

Brokerage sees improved momentum, including better performance at PINK (its apparel segment) as the business captures more younger consumers

Sees continued opportunities in the beauty segment, with the scope to lift margins across the business

Says business stands to benefit from a newly growing customer file, which can contribute to share gains against a still low-growth intimates category

Four of nine brokerages rate the stock "buy" or higher, 4 "hold", 1 brokerage rate the stock "sell" or lower; median PT is $55 - data compiled by LSEG

As of last close, stock up ~30% YTD