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Fly News Breaks for May 21, 2015
LB
May 21, 2015 | 11:02 EDT
Sterne Agee CRT said it believes L Brands' issued conservative guidance and that the company should be able to report "beat and raise" quarterly results for the rest of the year. The firm said its solid domestic comps make the stock a compelling story and its keeps a Buy rating on the name, but lowered its price target to $95 from $103 on the shares to reflect a lower multiple for the broader retail space.
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