Market Overview

L Brands Upgraded By Vetr Crowd

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L Brands Inc. (NYSE: LB) shares have traded down about 26 percent over the last six months, but the Vetr community has upgraded the stock from 1.5 to 2 stars.

On June 9, Morgan Stanley’s Kimberly Greenberger pointed out that L Brands has competed decently well with online outlets such as Amazon.com, Inc. (NASDAQ: AMZN) due to some of its stores selling products that cater better toward a walk in experience as opposed to an online experience, such as Victoria’s Secret.

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Vetr members have given L Brands a Sell rating and a $46.34 price target. This price target is lower than the $61.85 price target from Wall Street analysts. The stock closed Monday at $51.87.

Of all Vetr raters, about 72 percent believe traders and investors should buy L Brands stock.

For Vetr’s full analysis of L Brands, go here.

Latest Ratings for LB

DateFirmActionFromTo
Aug 2020MKM PartnersUpgradesNeutralBuy
Aug 2020Morgan StanleyMaintainsEqual-Weight
Aug 2020Credit SuisseMaintainsNeutral

View More Analyst Ratings for LB
View the Latest Analyst Ratings

 

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Posted-In: VetrUpgrades Crowdsourcing Analyst Ratings General

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