Loading...
Loading...
In a report published Monday, Topeka Capital Markets analyst Dorothy Lakner initiated coverage of
L Brands IncLB with a Buy rating and $106 price target, as its two powerful brands have plenty of room to grow both domestically and internationally.
Lakner argued that Victoria's Secret has a "big market share" domestically, but has only just begun to grow internationally. On the other hand, Bath & Body Works "dominates its space" and generates higher margins than Victoria Secret.
Bottom line, L Brands has a strong management team coupled with strong cash flows and shareholder returns, making it a "core holding" for any consumer portfolio.
Shares traded recently at $93.93, up 0.55 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Analyst ColorInitiationAnalyst RatingsBath & Body WorksDorothy LaknerretailersTopeka Capital MarketsVictoria's Secret
We simplify the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in