Will This Price Target Increase Help L Brands (LB) Stock Today?

NEW YORK (TheStreet) -- Credit Suisse increased its price target on L Brands  (LB) to $65, increased its estimates and set a "neutral" rating. The firm said the company's margins should rebound in the coming quarters.

The stock closed at $63.72 on Thursday.

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Separately, 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 revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year."

You can view the full analysis from the report here: LB Ratings Report

LB Chart LB data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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