Vetr Crowd thinks Now Is The Time To Buy L Brands
The Vetr crowd upgraded their rating for L Brands Inc (NYSE: LB) on Tuesday, from 3 Stars (Hold) issued five days ago, to 4 Stars (Buy). Crowd sentiment for the stock is mostly positive, with 88 percent of Vetr user ratings bullish.
The women's retailer has had a rough start to 2017. Share price in L Brands fell about 6 percent on January 5 after the company forecasted its Q4 earnings to fall short after a better than expected Q3.
The price has not recovered from tipping over last week's cliff. The stock closed Tuesday at $61.35.
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Currently, the Vetr crowd's average target price for the stock is up at $68.74, well above the average analyst target price of $73.04. Less than 2 percent of Vetr users are holding LB in their watch lists.
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