UPDATE: Credit Suisse Upgrades Limited Brands to Outperform on Outlook, Pricing Power
Credit Suisse raised its rating on Limited Brands (NYSE: LTD) from Neutral to Outperform and increased its price target from $51 to $59.
Credit Suisse commented, "In light of increasing conviction in Limited Brands' ability to sustain mid-to-high single digit comps at Victoria's Secret (driven by pricing power), and the likelihood of improved visibility into timing of international expansion plans over the next 12 months, we are raising estimates, raising our target price to $59 from $51 and upgrading shares to Outperform (from Neutral)."
Limited Brands closed at $50.00 on Wednesday.
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