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A report released today by Wolfe Research about L Brands (NYSE:LB) drops the target price to $48.00

Having a price of $46.49, L Brands (NYSE:LB) traded -0.87% lower on the day. With the last stock price down -19.29% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.05% over the same period. LB has recorded a 50-day average of $46.63 and a two hundred day average of $50.65. Trade Volume was up over the average, with 3,752,253 shares of LB changing hands over the typical 3,697,260

In a report released on 07/07/2017 Wolfe Research reduced the stock price target of L Brands (NYSE:LB) from $52.00 to $48.00 reporting a possible upside of 0.03%.

On Monday June 26, 2017, Vetr Inc. released a statement about L Brands (NYSE:LB) upped the target price from $0.00 to $46.34 that suggested a downside of -0.13%.

See Chart Below

L Brands (NYSE:LB)

L Brands has a 52 week low of $40.77 and a 52 week high of $79.67 with a P/E ratio of 10.77 The company’s market cap is currently $0.

In addition to Wolfe Research reporting its target price, a total of 28 firms have issued a report on the stock. The consensus target price is $70.43 with 4 firms rating the stock a strong buy, 7 firms rating the stock a buy, 22 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About L Brands (NYSE:LB)

L Brands, Inc. operates specialty retail business. The Company is focused on women's intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners. It operates in the retail brands, which include Victoria's Secret, PINK, Bath & Body Works and La Senza. La Senza is a specialty retailer of women's intimate apparel. It sells its La Senza products at over 120 La Senza stores in Canada. Henri Bendel sells handbags, jewelry and other accessory products through New York and 28 other stores. Mast Global is a merchandise sourcing and production function serving the Company and its international partners.

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