UPDATE: Canaccord Genuity Raises PT to $51 on Limited Brands, Cites Fewer Promotions

Canaccord Genuity reiterated its Hold rating on Limited Brands (NYSE: LTD ) and raised its price target from $49 to $51. Canaccord Genuity noted, "Lower product costs, namely cotton, and greater full-price selling resulted in yr./yr. merchandise margin expansion. VS Direct SSS increased 2% on top of -3%. The