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.

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.