L Brands' Decline Has Unlocked New Room For Upside: Vetr

Shares of L Brands Inc LB have lost more than 10.75 percent of value over the past week, mostly driven by the announcement of an update on sales and relatively soft guidance for Q3.

The Vetr crowd seems to believe this decline has unlocked some room for upside, as evidenced by its average price target of $73.19, which implies a potential return of more than 11.5 percent from current valuations.

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Seeking to better reflect the aforementioned upside potential, the Vetr community upgraded its rating on shares of L Brands on Friday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) – out of a possible 5 Stars rating.

It should be noted that, in accordance with the current score and price target, 88 percent of the crowd’s ratings are bullish right now.