L Brands PT Lowered to $55.00 (LTD)
Analysts at Mizuho reduced their price objective on shares of L Brands (NYSE:LTD) from $58.00 to $55.00 in a research report issued to clients and investors on Friday, Stock Ratings Network reports. Mizuho’s price target would indicate a potential downside of 15.37% from the company’s current price.
A number of other analysts have also recently weighed in on LTD. Analysts at Buckingham Research initiated coverage on shares of L Brands in a research note to investors on Wednesday, January 29th. They set a “neutral” rating on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of L Brands in a research note to investors on Monday, December 30th. Finally, analysts at Brean Capital initiated coverage on shares of L Brands in a research note to investors on Thursday, December 12th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. L Brands currently has a consensus rating of “Hold” and a consensus price target of $57.44.
L Brands (NYSE:LTD) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.03. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis.
L Brands, Inc, formerly Limited Brands, Inc operates in the specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories.
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