Wunderlich Initiates L Brands With Buy

Analysts at Wunderlich initiated coverage on L Brands LB with a Buy rating. The target price for L Brands is set to $75. L Brands shares have surged 11.22% over the past 52 weeks, while the S&P 500 index has gained 18.65% in the same period. L Brands' shares rose 0.59% to close at $65.14 yesterday.