Mizuho Securities analyst Betty Chen reiterated an Outperform rating and boosted its price target on L Brands (NYSE: LB) to $110.00 (from $100.00) following results.

Chen commented, "We are raising our estimates and PT to $110 (from $100) following solid October comps, BTE 3Q guidance, and greater confidence in the longer-term strategies to expand its dominant market share in intimate apparel and personal care & beauty products following the Analyst Day meeting. The company outlined plans to deliver +10%+ annual EBIT dollar growth and +20% EBIT margin LT through: (1) solid inventory control and speedy supply chain, (2) leverage of fixed expenses, (3) growth of domestic square footage and product extensions, and (4) expansion of the Int'l business."

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Shares of L Brands closed at $99.38 yesterday.