 JPMorgan analyst Matthew Boss raised L Brands LB stock rating to Buy from Hold on Wednesday, after the company provided a separation update related to Victorias Secret and Bath Body Works. Boss also lifted his price target to 32 23.6 upside potential from 14.Shares are down 2.4 in Thursdays pre-market trading after jumping 35.4 to 6.76 on Wednesday.On July 28, L Brands divided Victorias Secret and Bath Body Works into two independent companies. In addition, L Brands said it expects Bath Body Works 2Q sales to rise by a preliminary 10 and Victorias Secret sales to fall by 40.Boss believes that the Bath Body Works division represents the best current comparison story in brick-and-mortar retail. He further added in a commentary cited by Bloomberg that Bath Body Works would likely have a sustainable double-digit stand-alone bottom-line growth profile.On July 29, KeyBanc analyst Edward Yruma raised his price target to 28 8.2 upside potential from 25, saying that Bath Body Works remains one of the best stories in consumer retail. He added that unlike at the beginning of the pandemic when soaps and sanitizers outperformed, Bath Body Works strong sales results are being driven across its product suite.Currently, the Street has a cautiously optimistic outlook on the stock. The Moderate Buy analyst consensus is based on 8 Buys, 7 Holds, and 2 Sells. The average price target of 22.13 implies downside potential of 14.5. See LB stock analysis on TipRanks.Related News: FireEye Pops 18 As JPMorgan Lifts PT McDonalds PT Gets A Lift From JPMorgan Morgan Stanley Lifts Price Target On Tesla Stock More recent articles from Smarter Analyst: Exxon Is Said To Prepare Spending, Job Cuts To Save Dividend; Shares Drop Citigroup Turns Bullish On American Eagle BMO Capital Lifts Amazons PT Ahead OF 2Q Earnings Procter Gamble Tops 4Q Street Estimates 