UPDATE: Credit Suisse Upgrades L Brands Inc
Analysts at Credit Suisse upgraded shares of L Brands Inc (NYSE: LB) to an Outperform rating with a $73 price target Wednesday.
Christian Buss sees upside in shares of L Brands due to potential for margin-led earnings upside in the upcoming six to nine months.
In its last earnings announcement, L Brands reported EPS of $0.63, which beat estimates of $0.62 per share by 1.61 percent. Revenue also beat estimates by 0.94 percent coming in at $2.67 billion.
Shares of L Brands closed Tuesday at $63.67.
Latest Ratings for LB
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 2021 | RBC Capital | Maintains | Outperform | |
| Dec 2021 | CIBC | Upgrades | Underperformer | Neutral |
| Nov 2021 | RBC Capital | Maintains | Outperform |
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Posted-In: Christian Buss Credit SuisseAnalyst Color Upgrades Price Target Analyst Ratings
