L Brands (LB) : Analyst Rating Update

L Brands (LB) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 24 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 14 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

L Brands (LB) : The highest level L Brands (LB) is projected to reach is $88 for the short term and the lowest estimate is at $47. The consolidated price target from 20 rating analysts who initiate coverage on the stock is $69.25 and the possibility the share price can swing is $10.2.

L Brands (NYSE:LB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.71 and $66.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.47, notching a gain of 2.13% for the day. The total traded volume was 2,367,685 . The stock had closed at $67.04 on the previous day.

Also, Brokerage firm Bank of America downgrades its rating on L Brands (NYSE:LB). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 28, 2016. The company shares have dropped -22.04% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $101.11 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $67.26 and the 200 Day Moving Average price is recorded at $81.15.

L Brands, Inc. operates specialty retail business. The Company is a specialty retailer of womens intimate and other apparel, beauty and personal care products and accessories. It operates in three segments: Victorias Secret, which includes Victorias Secret PINK, which is the specialty retailer of womens 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 Victorias Secret and Bath & Body Works International, which includes the Victorias 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.