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L Brands (LB) Stock Coverage Initiated at MKM Partners

NEW YORK (TheStreet) -- L Brands (LB - Get Report) stock coverage was initiated by analysts at MKM Partners this morning with a "buy" rating and a price target of $107.

Shares are advancing 0.15% to $92.89.

The company has one of the best management teams in retail, analysts said, describing L Brands as an "emerging global powerhouse."

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It also has potential to grow its margin and top-line, according to the analyst note.

Going forward, the firm expects the retailer to continue its focus on innovation and customer service.

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.

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...