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Actionable news in LB: L BRANDS Inc,

L Brands (LB) Stock Lower Following Goldman Sachs Downgrade

NEW YORK (TheStreet) -- Shares of L Brands (LB - Get Report) are falling by 1.89% to $77.78 in pre-market trading on Tuesday morning, after the stock was downgraded to "neutral" from "buy" at Goldman Sachs.

The specialty retail company was also removed from the firm's "Conviction Buy" list.

Goldman Sachs slashed its price target on L Brands stock to $91 from $115.

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L Brands is the parent company of the Victoria's Secret and Bath & Body Works retail chains.

The downgrade comes as the firm's...