Nomura Securities Reiterates a 'Buy' on Limited Brands (LTD); Momentum Continues
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Price: $65.09 -0.57%
Rating Summary:
6 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities reiterates a 'Buy' on Limited Brands (NYSE: LTD) price target of $50.00.
Nomura analyst, Paul Lejuez, says, "Following 2Q results, we believe LTD is off to a good start in August, with good momentum at both VSS and BBW. While mgmt’s 3Q EPS guidance of $0.17-$0.22 seems conservative (we are at $0.26) we believe they are leaving cushion on both the sales and gross margin line. Keep in mind that over the past 10 quarters, LTD has beaten its original qtrly guidance by an avg of ~$0.14. The fact that in this choppy market LTD is off to a strong start in August against difficult comparisons speaks to its merchandising/marketing prowess and its dominant positioning. No change to our $2.62 FY11E EPS."
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 $33.73 yesterday.
Nomura analyst, Paul Lejuez, says, "Following 2Q results, we believe LTD is off to a good start in August, with good momentum at both VSS and BBW. While mgmt’s 3Q EPS guidance of $0.17-$0.22 seems conservative (we are at $0.26) we believe they are leaving cushion on both the sales and gross margin line. Keep in mind that over the past 10 quarters, LTD has beaten its original qtrly guidance by an avg of ~$0.14. The fact that in this choppy market LTD is off to a strong start in August against difficult comparisons speaks to its merchandising/marketing prowess and its dominant positioning. No change to our $2.62 FY11E EPS."
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 $33.73 yesterday.
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