NEW YORK (TheStreet) -- L Brands Inc. (LB) was upgraded to "buy" from "hold" at Stifel Nicolaus (SF) on Friday following the company's 2014 second quarter financial report which showed an increase in earnings and net sales.
The retail business reported a 10% increase in earnings per share to 53 cents for the most recent quarter, compared to 48 cents for the 2013 second quarter.
Net sales were $2.391 billion for the 2014 second quarter, a 5% increase from the $2.268 billion reported for the year ago quarter.
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Shares of L Brands are up 0.95% to $57.23 in pre-market trading Friday.
TheStreet Ratings team rates L BRANDS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate L BRANDS INC (LB) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. However, as a counter to these strengths, we find that the company's revenue growth has not been good."