In a note released Friday morning, Wunderlich analyst Danielle McCoy initiated coverage of L Brands Inc (NYSE: LB) at Buy with a $75 price target.
McCoy commented, "we believe the company is on the right path in terms of doubling revenues and expanding operating margins to the high-teens range."
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
McCoy's key reasons for the Buy rating include:
- "Dominant" specialty retailer in intimate apparel and beauty products
- The company estimate 39 net new store openings in fiscal 2015 and approximately five percent square footage growth.
- Estimates year-over-year growth of 59 percent in "under-penetrated" international markets
- Below peer EV/EBITDA multiple 9.4x vs. 13.8x average