L Brands (NYSE:LB) has been upgraded from Underweight to Neutral in a statement by Piper Jaffray earlier today.
- Updated: November 28, 2016
Piper Jaffray has upgraded L Brands (NYSE:LB) from Underweight to Neutral in a statement released on 11/28/2016.
On 02/29/2016, Wolfe Research released a statement for L Brands (NYSE:LB) bumped down the target price from $95.00 to $90.00 that suggested an upside of 0.07%.
Boasting a price of $71.81, L Brands (NYSE:LB) traded -0.06% lower on the day. With the last stock price close up 1.53% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. L Brands has recorded a 50-day average of $70.26 and a two hundred day average of $70.68. Volume of trade was down over the average, with 1,899,191 shares of LB changing hands under the typical 2,067,170
With a total market value of $0, L Brands has price-earnings ratio of 18.06 with a one year low of $60.00 and a one year high of $99.83 .
In addition to Piper Jaffray reporting its stock price target, a total of 28 brokers have issued a research note on the company. The average stock price target is $70.43 with 4 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 22 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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 and beauty categories. The Company operates through three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. Victoria's Secret segment includes PINK, which is the specialty retailer of women's intimate and other apparel with collections, fragrances, supermodels and runway shows. Bath & Body Works segment is the specialty retailer of home fragrance and personal care products, including shower gels, lotions, soaps and sanitizers. Victoria's Secret and Bath & Body Works International segment includes the Victoria's Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada. The Company operates the retail brands, which include Victoria's Secret, Bath & Body Works, La Senza and Henri Bendel. Henri Bendel is an operator of over 30 specialty stores.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.