Oppenheimer Upgrades L Brands Inc to Outperform

Brokerage firm Oppenheimer Upgrades its rating on L Brands Inc(NYSE:LB). The shares have been rated Outperform. Previously, the analysts had a Perform rating on the shares. The rating by Oppenheimer was issued on Aug 19, 2016.

In a different note, On Aug 19, 2016, Citigroup said it Maintains its rating on L Brands Inc. In the research note, the firm Rau the price-target to $72.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 19, 2016, Credit Suisse said it Maintains its rating on L Brands Inc. In the research note, the firm Raises the price-target to $66.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 19, 2016, Wedbush said it Maintains its rating on L Brands Inc. In the research note, the firm Raises the price-target to $64.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 18, 2016, UBS said it Maintains its rating on L Brands Inc. In the research note, the firm Raises the price-target to $68.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 8, 2016, Citigroup said it Maintains its rating on L Brands Inc. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, Goldman Sachs said it Maintains its rating on L Brands Inc. In the research note, the firm Raises the price-target to $64.00 per share. The shares have been rated ‘Neutral’ by the firm.

L Brands Inc (LB) made into the market gainers list on Mondays trading session with the shares advancing 0.75% or 0.57 points. Due to strong positive momentum, the stock ended at $76.83, which is also near the day’s high of $77.11. The stock began the session at $76.48 and the volume stood at 10,27,909 shares. The 52-week high of the shares is $101.11 and the 52 week low is $60. The company has a current market capitalization of $22,089 M and it has 28,75,02,400 shares in outstanding.

L Brands Inc(LB) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.89B. Analysts had an estimated revenue of $2.88B. Earnings per share were $0.70. Analysts had estimated an EPS of $0.59.

Several Insider Transactions has been reported to the SEC. On Jul 12, 2016, Nicholas Coe (CEO-Bath and Body Works) sold 4,951 shares at $67.53 per share price.Also, On Jun 24, 2016, Allan R Tessler (director) purchased 3,500 shares at $67.92 per share price.On Dec 30, 2015, Raymond Zimmerman (director) sold 1,500 shares at $96.26 per share price, according to the Form-4 filing with the securities and exchange commission.

L Brands Inc. operates specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel beauty and personal care products and accessories. It operates in three segments: Victoria’s Secret which includes Victoria’s Secret PINK which is the specialty retailer of women’s intimate and other apparel with fashion-inspired collections prestige fragrances celebrated supermodels and world-famous runway shows; Bath & Body Works which is the specialty retailer of home fragrance and personal care products including shower gels lotions soaps and sanitizers and Victoria’s Secret and Bath & Body Works International which includes the Victoria’s Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada. It sells its merchandise through company-owned specialty retail stores in the United States Canada and the United Kingdom which are primarily mall-based and through its Websites and other channels.

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