Wunderlich Securities Expects Momentum To Continue For L Brands

In a report published Wednesday, Wunderlich Securities analyst Danielle McCoy reiterated a Buy rating and $90.00 price target on L Brands Inc (NYSE: LB).

In the report, Wunderlich Securities noted, “We are reiterating our Buy rating, $90 price target, and estimates with L Brands (LB) reporting December (5 weeks ending January 3) same store sales on Thursday, January 8. With highly desired brands, strong product stories, a variety of gifting items, and tight inventory positions, we believe L Brands' performance throughout Holiday will prove to be one of the strongest when compared to other mall-based retailers. In addition, as management remains focused on enhancing execution across the board, we believe momentum will continue to build.”

L Brands closed on Tuesday at $83.89.