In a report released today, Kimberly Greenberger from Morgan Stanley maintained a Buy rating on L Brands (NYSE: LB), with a price target of $56. The company’s shares closed yesterday at $35.22, close to its 52-week low of $30.70.
According to TipRanks.com, Greenberger is a 4-star analyst with an average return of 8.7% and a 58.2% success rate. Greenberger covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Burlington Stores, and Urban Outfitters.
Currently, the analyst consensus on L Brands is Hold and the average price target is $39.81, representing a 13.0% upside.
In a report issued on May 10, Oppenheimer also assigned a Buy rating to the stock with a $45 price target.
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The company has a one-year high of $63.10 and a one-year low of $30.70. Currently, L Brands has an average volume of 5.01M.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock.
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L Brands, Inc. engages in the retail business. It is focused on women’s intimate and other apparel, personal care and beauty categories. It operates its business through the following segments: Victorias Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International.
