** Brokerage UBS upgrades lingerie maker Victoria's Secret
to "neutral" from "sell"
** Says VSCO's fundamentals continue to improve, as evidenced by its North America Q3 comparative sales rising to 3% YOY from a 3% decline in Q2
** Says market share pressures are subsiding, given VSCO's Q3 North American sales growth outperforming intimates industry's low-single-digit decline
** Sees robust consumer spending environment benefiting mall-based retailers including VSCO, with new CEO's turnaround plan to help drive sustainable growth; raises PT to $47 from $18
** Three of 12 brokerages rate the stock "buy" or higher, six "hold" and three "sell"; with a median PT of $45
** Up to Monday's close, the stock has risen 11.8% YTD
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
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