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Fly News Breaks for August 12, 2015
LB
Aug 12, 2015 | 08:16 EDT
As noted earlier, BMO Capital downgraded L Brands to Market Perform from Outperform. The firm downgraded the stock based on valuation and the company's discounts on its bras and swimwear. BMO now expects Victoria Secrets' operating margin to fall this year. Target to $76 from $103.
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