L Brands PT Raised to $73.00 (LTD)
Investment analysts at Susquehanna upped their target price on shares of L Brands (NYSE:LTD) from $67.00 to $73.00 in a note issued to investors on Friday. Susquehanna’s target price would indicate a potential upside of 12.32% from the company’s current price.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.09%.
A number of other firms have also recently commented on LTD. Analysts at RBC Capital raised their price target on shares of L Brands from $62.00 to $64.00 in a research note on Friday. Separately, analysts at Mizuho raised their price target on shares of L Brands from $57.00 to $61.00 in a research note on Friday. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $61.55.
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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