L Brands Price Target Increased to $61.00 by Analysts at Mizuho (LTD)
Investment analysts at Mizuho upped their price target on shares of L Brands (NYSE:LTD) from $57.00 to $61.00 in a note issued to investors on Friday. Mizuho’s price target points to a potential downside of 6.14% from the stock’s previous close.
A number of other analysts have also recently weighed in on LTD. Analysts at Cowen and Company raised their price target on shares of L Brands from $65.00 to $70.00 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock. Separately, analysts at Oppenheimer upgraded shares of L Brands from an “underperform” rating to a “market perform” rating in a research note on Monday, June 9th. Finally, analysts at Stifel Nicolaus upgraded shares of L Brands to a “buy” rating in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $61.55.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.09%.
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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