L Brands 'Still Very Sexy' At Topeka, Buy Rating Initiated
In a report published Monday, Topeka Capital Markets analyst Dorothy Lakner initiated coverage of L Brands Inc (NYSE: LB) with a Buy rating and $106 price target, as its two powerful brands have plenty of room to grow both domestically and internationally.
Lakner argued that Victoria's Secret has a "big market share" domestically, but has only just begun to grow internationally. On the other hand, Bath & Body Works "dominates its space" and generates higher margins than Victoria Secret.
Bottom line, L Brands has a strong management team coupled with strong cash flows and shareholder returns, making it a "core holding" for any consumer portfolio.
Shares traded recently at $93.93, up 0.55 percent.
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: Bath & Body Works Dorothy Lakner retailers Topeka Capital Markets Victoria's SecretAnalyst Color Initiation Analyst Ratings