Credit Suisse Initiating Coverage On Limited Brands

Credit Suisse is out with a research report on Limited Brands, Inc LTD and is initiating coverage with a Neutral rating and a $40 price target on shares. In a note to clients, Credit Suisse writes, "We Initiate Coverage of Limited Brands (LTD) with a Neutral Rating and a $40 Target Price. While compelled by productivity enhancement opportunities and the likelihood of meaningful international expansion, a likely slowing of comps and the extended timeline for international expansion suggest moderate upside over the next 12 months." Shares of LTD closed at $37.64 yesterday.