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.’s stock slid 6% premarket Wednesday, after the bra, athleisure and fragrance maker moved to bring in a retail veteran as new finance chief and tightened guidance ranges for the current quarter.

Barclays analyst recommends loading up on Victoria’s Secret on the recent weakness. Adrienne Yih upgraded the fashion retailer this morning to “overweight”, citing confidence in “meaningful top-line acceleration and operating margin expansion.