- The shares of L Brands Inc (NYSE: LB) have received a price target of $96 by UBS. These are the details.
The shares of L Brands Inc (NYSE: LB) have received a price target of $96 by UBS. And UBS analyst Jay Sole upgraded L Brands from “Neutral” to “Buy.”
Sole had cited the economic reopening trade, which is expected to end by September. And retail companies with strong post-pandemic growth prospects are expected to outperform after that.
Analysts also noted that the March sales for department stores and speciality retailers have been very strong. And so Sole increased the estimates for the fiscal years 2021 and 2022.
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