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L Brands Inc (LB) Looks Good: Stock Adds 5% in Session
L Brands, Inc. was a big mover last session, as the company saw its shares rise 5% on the day. The upside came after the company posted impressive second-quarter 2016 results (after the market closed on Aug 17) with a 3% increase in same-store sales and also raised its full-year earnings guidance. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $70.31 to $74.62 in the past one-month time frame.
In the last 30 days, the company has seen seven upward estimate revisions and the Zacks Consensus Estimate also moved higher, suggesting that more solid trading could be ahead for L Brands. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
L Brands currently holds a Zacks Rank #3 (Hold).
L BRANDS INC Price
L BRANDS INC Price | L BRANDS INC Quote
A better-ranked Retail-Apparel/Shoe stock is The Children's Place, Inc. (PLCE - Free Report) , which sports a Zacks Rank #1 (Strong Buy).
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