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Fly News Breaks for April 12, 2016
LB
Apr 12, 2016 | 06:43 EDT
Goldman analyst Lindsay Drucker Mann downgraded L Brands to Neutral from Conviction Buy and lowered its price target to $91 form $115 on shares. The analyst believes last weeks restructuring announcement will pressure Victoria's Secret near-term comp sales growth, which may result in multiple compression until visibility to comp re-acceleration improves.
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