Wells Fargo Starts Limited Brands (LTD) at Market Perform; Core Domestic Business Mostly Mature

Article Stock Quotes (1) Comments (0)

Wells Fargo initiates coverage on Limited Brands (NYSE: LTD) with a Market Perform. PT range $44-$47.

Analyst, Evren Kopelman, said, "LTD has market-leading brands, sales productivity and margins, as well as an opportunity to grow internationally. However, after two impressive years of strong comp and margin gains, we expect the rate of growth to slow (we estimate 5% sales and 10% EPS growth after 2013) as the domestic business is mostly mature, sales productivity and margins are full, and international is not yet a meaningful contributor to growth. We believe that LTD's commitment to returning all excess cash to shareholders should provide downside protection for the stock."

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

Shares of Limited Brands closed at $46.12 yesterday, with a 52 week range of $31.43-$51.84.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Jefferies Says Avoid Limited Brands (LTD) After Q1 Results
• Topeka Capital Starts RDA Microelectronics (RDA) at Buy
• Topeka Capital Starts CEVA Inc. (CEVA) at Buy

Create E-mail Alert Related Categories

New Coverage

Related Entities

Wells Fargo

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?