Lazard Lowers Estimates for Limited Brands (LTD)
Lazard announced on Monday that they have lowered their estimates for apparel company, Limited Brands, Inc.(LTD).
The firm reported that they have reduced estimates on LTD through 2013. Analyst see the company having low comp sales growth.
Lazard currently has a “Buy” rating on LTD, with a $55 price target. This price target suggests a 16% increase from the stock’s current price of $45.90.
Limited Brands shares were mostly flat during premarket trading Monday. The stock is up 13.75% YTD.
The Bottom Line
Shares of Limited Brands (LTD) have a 2.18% dividend yield, based on Friday’s closing stock price of $45.90. The stock has technical support in the $42 price area. If the shares can firm up, we see overhead resistance around the $48-$50 price levels.
Limited Brands, Inc.(LTD) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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