Buckingham Research Raises L Brands Inc Price Target

On Tuesday afternoon, The Buckingham Research Group raised L Brands Inc. LB price target to $82 from $74 and maintained the Buy rating.

Jennifer Davis stated, “Despite the recent increase in the stock price, we continue to view the risk/reward as compelling, with ~45% upside and ~15% downside.”

Davis feels L Brands is a best of breed company with a best of breed management team.

Positives moving forward:

• Analysts find high teen EBIT margins are attainable with international contribution.
• United Kingdom sales can grow to $1 billion over time.
• Online sales growth provides significant upside opportunity long term.

Shares of L Brands recently traded at $66.01 down 1.58 percent.