What Happened? Shares of intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) fell 6.5% in the pre-market session after the company appointed a new CFO, Scott Sekella, who most recently served as CFO of fabric and crafts retailer Joann and previously held financial leadership roles at Under Armour and Crocs.

Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Tuesday, Marketbeat reports.

Victoria's Secret (VSCO) received an upgrade from Barclays, raising the stock rating to Overweight. Barclays analyst Adrienne Yih cites three key catalysts driving the positive outlook: improved promotional strategies during the quarter,