Wunderlich Securities Sees Optimal Buying Opportunity For L Brands

Courtesy of Benzinga.

In a report published Thursday, Wunderlich Securities analyst Danielle McCoy reiterated a Buy rating and $112.00 price target on L Brands, Inc. (NYSE: LB).

In the report, Wunderlich Securities noted, “We reiterate our Buy rating and $112 price target and are maintaining our FY16 and FY17 EPS estimates on L Brands (LB). L Brands reported better-thanexpected fiscal 4Q EPS of $1.89, $0.09 above management’s recent upward revision and, to no surprise, the company provided FY16 guidance within historical ranges, missing the Street’s aggressive expectations. We expect LB to remain on its steady path of growth as it continues to fine tune operations and strategically expand around the globe. With industry leading brands, a keen focus on product newness and driving consumer excitement, and tight inventory controls, LB should continue to drive upside to top- and bottom-line results, as well as create shareholder value. We would use any weakness in LB today as an optimal buying opportunity.”

L Brands closed on Wednesday at $92.47.

Posted-In: Danielle McCoy Wunderlich SecuritiesAnalyst Color Reiteration Analyst Ratings