Goldman Sachs Upgrades Limited Brands (LTD) to Neutral

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Goldman Sachs upgraded Limited Brands (NYSE: LTD) from Sell to Neutral with a $39 price target.

The firm said they were wrong that the company 2010 growth pace was unsustainable. "We believe we underestimated both LTD's continuing improvements in execution as well as the strength of the innovation cycle in intimates, a category they dominate," they said.

For more ratings news on Limited Brands click here and for the rating history of Limited Brands click here.

Shares of Limited Brands closed at $39.66 yesterday, with a 52 week range of $21.78-$42.75.

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