Credit Suisse (SIX:CSGN) analyst Michael Binetti maintained a Sell rating on L Brands (NYSE:LB) on Monday, setting a price target of $30, which is approximately 35.83% below the present share price of $46.75.
Binetti expects L Brands to post earnings per share (EPS) of $1.19 for the first quarter of 2021.
The current consensus among 18 TipRanks analysts is for a Moderate Buy rating of shares in L Brands, with an average price target of $46.72.
The analysts price targets range from a high of $66 to a low of $25.
In its latest earnings report, released on 10/31/2020, the company reported a quarterly revenue of $3.06 billion and a net profit of $581 million. The company's market cap is $13 billion.
According to TipRanks.com, Credit Suisse analyst Michael Binetti is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.6% and a 63.27% success rate.
L Brands, Inc. engages in the retail business. It is focused on women's intimate and other apparel, personal care and beauty categories. It operates its business through the following segments: Victorias Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. Its brands include Victorias Secret, Bath and Body Works, Pink, La Senza, and Henri Bendel. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.