Topeka Capital Initiates L Brands With Buy

Topeka Capital initiated coverage on

with a Buy rating. The target price for L Brands is set to $106. L Brands shares have gained 62.75% over the past 52 weeks, while the S&P 500 index has surged 12.80% in the same period. L Brands' shares jumped 0.09% to $93.50 in pre-market trading.