L Brands (LB) Offers Attractive Risk Reward - RBC

RBC Capital analyst Kate Fitzsimons reiterated an Outperform rating and $35.00 price target on L Brands (NYSE: LB) with the shares down 75% from peak. The positive rating is based on the belief that BBW's 20%+ margins provide valuation support while the VS turnaround makes traction in 2019.

The analyst stated "With 1Q VS results on plan and a 2H action plan in place including stabilizing margins, we remain long LB shares, particularly given the 1Q best-in-class results at BBW indicating that brand's momentum continues".

For an analyst ratings summary and ratings history on L Brands click here. For more ratings news on L Brands click here.

Shares of L Brands closed at $24.27 yesterday.

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