In a report released yesterday, Michael Binetti from Credit Suisse reiterated a Hold rating on L Brands (LB), with a price target of $22. The company’s shares closed last Monday at $18.65, close to its 52-week low of $15.82.
According to TipRanks.com, Binetti is a 4-star analyst with an average return of 8.5% and a 57.3% success rate. Binetti covers the Services sector, focusing on stocks such as Ralph Lauren Corp, Foot Locker Inc, and Ulta Beauty Inc.
Currently, the analyst consensus on L Brands is a Hold with an average price target of $23.06, representing a 23.7% upside. In a report issued on September 10, Guggenheim also maintained a Hold rating on the stock.
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The company has a one-year high of $38 and a one-year low of $15.82. Currently, L Brands has an average volume of 5.46M.
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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.
