Cantor Fitzgerald Initiates L Brands With Hold

Analysts at Cantor Fitzgerald initiated coverage on

with a Hold rating. The target price for L Brands is set to $85. L Brands shares have gained 64.09 percent over the past 52 weeks, while the S&P 500 index has surged 11.85 percent in the same period. L Brands' shares dropped 1.18 percent to close at $89.00 yesterday.