Goldman Sachs Downgrades L Brands Inc to Neutral with Price Target $91.00

Brokerage firm Goldman Sachs Downgrades its rating on L Brands Inc(NYSE:LB). In a research note issued to the investors, the brokerage major Lowers the price-target to $91.00 per share. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Goldman Sachs was issued on Apr 12, 2016.

In a different note, On Mar 17, 2016, Credit Suisse said it Downgrades its rating on L Brands Inc. In the research note, the firm Lowers the price-target to $103.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 26, 2016, RBC Capital said it Maintains its rating on L Brands Inc. In the research note, the firm Lowers the price-target to $97.00 per share. The shares have been rated ‘Sector Perform’ by the firm. On Feb 26, 2016, Bernstein said it Maintains its rating on L Brands Inc. In the research note, the firm Lowers the price-target to $95.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Feb 25, 2016, Nomura said it Maintains its rating on L Brands Inc. In the research note, the firm Lowers the price-target to $91.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 25, 2016, Barclays said it Maintains its rating on L Brands Inc. In the research note, the firm Lowers the price-target to $85.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Feb 8, 2016, Brean Capital said it Upgrades its rating on L Brands Inc. The shares have been rated ‘Buy’ by the firm.

L Brands Inc (LB) made into the market gainers list on Fridays trading session with the shares advancing 1.72% or 1.39 points. Due to strong positive momentum, the stock ended at $82.26, which is also near the day’s high of $82.31. The stock began the session at $81 and the volume stood at 31,83,140 shares. The 52-week high of the shares is $101.11 and the 52 week low is $75.11. The company has a current market capitalization of $23,615 M and it has 28,70,80,050 shares in outstanding.

L Brands Inc(LB) last announced its earnings results on Feb 24, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $4.39B. Analysts had an estimated revenue of $4.37B. Earnings per share were $2.15. Analysts had estimated an EPS of $2.04.

Several Insider Transactions has been reported to the SEC. On Dec 30, 2015, Raymond Zimmerman (director) sold 1,500 shares at $96.26 per share price.Also, On Nov 5, 2015, Sharen J Turney (CEO/P VS Megabrand Int App Grp) sold 80,000 shares at $100.15 per share price.On Jul 10, 2015, Nicholas Coe (CEO-Bath and Body Works) sold 5,000 shares at $83.79 per share price, according to the Form-4 filing with the securities and exchange commission.

L Brands Inc. operates specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel beauty and personal care products and accessories. It operates in three segments: Victoria’s Secret which includes Victoria’s Secret PINK which is the specialty retailer of women’s intimate and other apparel with fashion-inspired collections prestige fragrances celebrated supermodels and world-famous runway shows; Bath & Body Works which is the specialty retailer of home fragrance and personal care products including shower gels lotions soaps and sanitizers and Victoria’s Secret and Bath & Body Works International which includes the Victoria’s Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada. It sells its merchandise through company-owned specialty retail stores in the United States Canada and the United Kingdom which are primarily mall-based and through its Websites and other channels.

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