** Shares of lingerie maker Victoria's Secret VSCO.N up 2% at $54.79 premarket

** Telsey Advisory Group upgrades stock to "outperform" from "marketperform", raising PT to $66 from $50

** Brokerage sees improved momentum, including better performance at PINK (its apparel segment) as the business captures more younger consumers

** Sees continued opportunities in the beauty segment, with the scope to lift margins across the business

** Says business stands to benefit from a newly growing customer file, which can contribute to share gains against a still low-growth intimates category

** Four of nine brokerages rate the stock "buy" or higher, 4 "hold", 1 brokerage rate the stock "sell" or lower; median PT is $55 - data compiled by LSEG

** As of last close, stock up ~30% YTD

(Reporting by Koyena Das)

((Koyena.das@thomsonreuters.com))