Wells Fargo Raises PT and Estimates on Limited Brands (LTD); Can Impressive Momentum Continue?
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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: 10 | Down: 11 | New: 6
Rating Summary:
6 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
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Wells Fargo maintains a 'Market Perform' on Limited Brands (NYSE: LTD) price target range $45-$48 (from $44-$47).
Analyst, Evren Kopelman, said, "LTD's August comp of up 8% was ahead of our estimate/consensus of up 5%...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."
FY12 EPS estimate raised from $2.82 to $2.88 and FY13 from $3.15 to $3.20.
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 $47.77 yesterday.
Analyst, Evren Kopelman, said, "LTD's August comp of up 8% was ahead of our estimate/consensus of up 5%...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."
FY12 EPS estimate raised from $2.82 to $2.88 and FY13 from $3.15 to $3.20.
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 $47.77 yesterday.
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