Topeka Capital Initiates L Brands With Buy

Topeka Capital initiated coverage on L Brands, Inc. (NYSE: LB) with a Buy rating.

The target price for L Brands is set to $106.

L Brands shares have gained 62.75% over the past 52 weeks, while the S&P 500 index has surged 12.80% in the same period.

L Brands' shares jumped 0.09% to $93.50 in pre-market trading.