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On Tuesday afternoon, The Buckingham Research Group raised L Brands Inc. (NYSE: LB) price target to $82 from $74 and maintained the Buy rating.
Jennifer Davis stated, “Despite the recent increase in the stock price, we continue to view the risk/reward as compelling, with ~45% upside and ~15% downside.”
Davis feels L Brands is a best of breed company with a best of breed management team.
Positives moving forward:
- Analysts find high teen EBIT margins are attainable with international contribution.
- United Kingdom sales can grow to $1 billion over time.
- Online sales growth provides significant upside opportunity long term.
Shares of L Brands recently traded at $66.01 down 1.58 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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