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LB

L Brands

$36.84

-2.11 (-5.42%)

14:58
08/17/17
08/17
14:58
08/17/17
14:58

L Brands not in structural decline despite selloff, says Morgan Stanley

Morgan Stanley analyst Kimberly Greenberger says that at 11 times 2017 earnings estimates, the market believes L Brands is in structural decline. She disagrees. The analyst admits the Victoria's Secret turnaround is taking longer than expected but she remains confident in L Brands' long-term competitive position. Greenberger keeps an Overweight rating on the shares with a slightly reduced $59 price target. The retailer is down 7% to $36.88 after reporting Q2 results.

  • 17

    Aug

LB L Brands
$36.84

-2.11 (-5.42%)

08/17/17
GSCO
08/17/17
NO CHANGE
Target $59
GSCO
Buy
L Brands price target lowered to $59 from $67 at Goldman Sachs
Goldman analyst Lindsay Drucker Mann said L Brands' Q2 report beat but the full year earnings outlook was reduced due to lower comp and margin outlook. The analyst had expected management to provide more conservative comp assumption in guidance but thought the margin cushion was sufficient to achieve earnings targets. As a result, Mann lowered earnings estimates and her price target on L Brands to $59 from $67 due to gross margin pressure and a softer sales recovery but maintains a Buy rating on shares.
08/17/17
UBSW
08/17/17
NO CHANGE
Target $40
UBSW
Neutral
L Brands share losses may not reverse in the near-term, says UBS
UBS analyst Michael Binetti lowered L Brands lowered second half earnings and same store sales guidance after reporting Q2 results. The analyst is concerned the company may be pushing back against the consumer's true demand to try to move back to higher priced categories which leaves him uncertain the company can reverse its market share losses in the near-term. Binetti maintained his Neutral rating and lowered his price target to $40 from $44 on L Brands shares.
08/17/17
DBAB
08/17/17
NO CHANGE
Target $56
DBAB
Buy
Deutsche remains constructive on L Brands amid post-earnings selloff
Deutsche Bank analyst Paul Trussell is not surprised to see shares of L Brands trading lower after it lowered its earnings guidance and tempered comp expectations for the remainder of the year. In a research note titled "Back Against the Wall," the analyst says he remains constructive on the shares. L Brands is entering the back half of the year in a "clean inventory position," comp compares get easier in the second half and the impact of the mix shift into sports bras and bralettes should continue to moderate, which should lead to margin stabilization, Trussell writes. He lowered his price target for the shares to $56 from $60 and keeps a Buy rating on the name.
08/17/17
JEFF
08/17/17
NO CHANGE
Target $32
JEFF
Underperform
Jefferies lists 10 reasons why to sell shares of L Brands
Jefferies analyst Randal Konik says that while L Brands posted Q2 earnings slightly ahead of guidance due to expense control and non-operating income gains, the outlook for Q3 was well-below the Street and FY18 guidance was lowered due to softer than expected sales trends. The analyst lists 10 reasons of why to sell the stock, which includes an eroding core business, PINK potentially coming under pressure, waning pricing power at Victoria's Secret and the problem of removing the catalog. Konik keeps an Underperform rating on L Brands with a $32 price target in a research note titled "EPS Down Again! Letterman Top 10 of Why Sell Shares!"

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F

Ford

$11.72

0.09 (0.77%)

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Periodicals
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FDX

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$216.00

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El Paso Electric

$54.85

0.05 (0.09%)

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

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CPRT

Copart

$32.54

-0.32 (-0.97%)

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STLD

Steel Dynamics

$33.83

0.03 (0.09%)

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XBKS

Xenith Bankshares

$29.96

0.42 (1.42%)

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BMY

Bristol-Myers

$62.93

0.23 (0.37%)

17:54
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Breaking Periodicals news story on Bristol-Myers »

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BBBY

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Breaking Hot Stocks news story on Bed Bath & Beyond »

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DESP

Despegar.com

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WAC

Walter Investment

$0.65

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CBAY

CymaBay

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BBBY

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EVH

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$15.65

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BPL

Buckeye Partners

$56.33

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RL

Ralph Lauren

$91.03

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Initiation
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PVH

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$127.47

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