UPDATE: Canaccord Genuity Reiterates on L Brands as Promotions Drive October SSS

In a report published Thursday, Canaccord Genuity analyst Laura Champine reiterated a Hold rating on L Brands (NYSE: LTD ), and raised the price target from $50.00 to $54.00. In the report, Canaccord Genuity noted, “LTD reported consolidated SSS growth of 8% on top of +3% in October, above our