UPDATE: Credit Suisse Raises PT to $49 on Limited Brands

Credit Suisse increases its price target to $49 from $45 on Neutral-rated Limited Brands LTD as valuation rolls to 2013 estimates. Credit Suisse notes, "We are increasingly compelled by productivity enhancement opportunities and the likelihood of meaningful international expansion. Our concerns regarding a slowing of comps are becoming more challenging to justify, given outperformance as the company approaches peak productivity. We will look for upcoming comps to provide validation of the view that momentum could persist even as the company exceeds prior peak productivity, particularly at Victoria's Secret." LTD closed at $48 per share on Friday.
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Posted In: Analyst ColorPrice TargetReiterationPre-Market OutlookAnalyst RatingsApparel RetailConsumer DiscretionaryCredit Suisse
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