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L Brands (LB) Stock Price Target Lifted at Cantor Fitzgerald

NEW YORK (TheStreet) -- L Brands (LB - Get Report) stock price target was raised to $84 from $83 by analysts at Cantor Fitzgerald who maintained their "hold" rating.

On Friday morning shares are gaining 0.16% to $89.42.

This action comes after the retailer reported strong August store sales results on Thursday.

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Overall, net sales increased 8% to $826 million from $765.3 million year-over-year.

Specifically, same store sales in August increased 6% year-over-year, beating analysts' 3% estimate.

In addition, Victoria's Secret and Bath & Body Works brands showed impressive results, analysts said.

Based in Columbus, OH, L Brands operates as a specialty retailer of women¿s intimate and other apparel, beauty and personal care products, and accessories. The company operates in three segments: Victoria¿s Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.

Separately, TheStreet Ratings team rates L BRANDS INC as a Hold with a ratings...


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