Dollar General, L Brands on Top; eBay Upgraded Ahead of Spin-Off

In Tuesday's Analysts' Actions, TheStreet highlights upgrades for discount store chain Dollar General (DG), fashion apparel company L Brands (LB), and online auctioning site eBay (EBAY).
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In Tuesday's Analysts' Actions, TheStreet highlights upgrades for discount store chain Dollar General (DG), fashion apparel company L Brands (LB), and online auctioning site eBay (EBAY). Both Dollar General and L Brands received the highest rating by analysts at Goldman Sachs. The two companies made it on the firm's CONVICTION BUY list. Dollar General was upgraded to CONVICTION BUY from a BUY rating. The company also had its price target increased by a couple of dollars to $87 from its previous $85. Goldman Sachs analysts cited Dollar General's long-term growth and attractive valuation for the upgrade and positive note. L Brands was also added to Goldman Sachs' CONVICTION BUY list. The fashion company had its rating raised to CONVICTION BUY from BUY. The firm calls the parent company of Victoria's Secret one of the highest quality growth companies in consumer retailing, and increased its price target to $106 from its prior $104. And finally, eBay had its rating raised to BUY from HOLD by analysts at Axiom Capital Tuesday morning. Analysts at the firm gave a $10 boost to its price target to $70 from its prior $60 price objective. TheStreet's Kurumi Fukushima reports in New York.