Nomura Securities Maintains a 'Buy' on Limited Brands (LTD); Attractive Buying Opportunity
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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 maintains a 'Buy' on Limited Brands (NYSE: LTD) price target of $55.00.
Analyst, Paul Lejuez, said, "Business trends continue to be strong at the core brands, demonstrating their dominance in their markets. The competitive landscape is favorable for LTD, which should help merch margin especially in 2H when costs ease. While the 2Q guidance seems light on the surface ($0.40-$0.45 vs. cons of $0.47), it includes a shift in mktg dollars as well as some other one-time SG&A “investments”. Our F12E EPS of $3.01 and F13E EPS of $3.46 remain unchanged. Trading at 15x FY12E EPS, we continue to believe LTD is well-positioned for F12, and we believe there is upside potential to guidance/consensus."
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 $45.86 yesterday.
Analyst, Paul Lejuez, said, "Business trends continue to be strong at the core brands, demonstrating their dominance in their markets. The competitive landscape is favorable for LTD, which should help merch margin especially in 2H when costs ease. While the 2Q guidance seems light on the surface ($0.40-$0.45 vs. cons of $0.47), it includes a shift in mktg dollars as well as some other one-time SG&A “investments”. Our F12E EPS of $3.01 and F13E EPS of $3.46 remain unchanged. Trading at 15x FY12E EPS, we continue to believe LTD is well-positioned for F12, and we believe there is upside potential to guidance/consensus."
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 $45.86 yesterday.
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