Why L Brands Is Trading Higher Today

L Brands, Inc. LB shares are trading higher after JPMorgan maintained an Overweight rating and raised its price target from $93 to $100.

On Friday, the company announced that its Board of Directors approved the previously announced separation of the Victoria's Secret business into an independent, publicly traded company.

L Brands is a women's intimate, personal-care, and beauty retailer operating under the Victoria's Secret, Pink, and Bath & Body Works brands.

L Brands' stock was trading about 4.5% higher at $76.84 at the time of publication. The stock has a 52-week high of $77.87 and a 52-week low of $15.94.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Price TargetAnalyst RatingsMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!