Limited Brands Target, Estimates Raised at Barclays Capital (LTD)

in Gold Gold Investment by admin — March 19, 2010 6:30 am | no comments

Women’s apparel and beauty products maker Limited Brands, Inc. ( LTD ) on Friday saw its price target and earnings estimates boosted at Barclays Capital. The analyst said it now expects shares of LTD to reach $33, up from a prior target of $26. Barclays Capital also boosted its 2010 and 2011 earnings estimates to $1.63 and $2.00 per share, respectively, citing strong cash flow. The firm also maintained its “Overweight” rating on the stock. Limited Brands shares rose 20 cents, or +0.8%, in premarket trading Friday. The Bottom Line We had removed shares of LTD from our “recommended” list back in September, 2008 when the stock traded at $20.35. The company has a 2.42% dividend yield, based on last night’s closing stock price of $24.75. The stock has near-term technical support in the $18-$20 price area. If the shares can firm up, we see overhead resistance around the $25-$27 price levels. We would remain on the sidelines for now. Limited Brands, Inc. ( LTD ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .