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Fly News Breaks for May 9, 2016
LB
May 9, 2016 | 05:54 EDT
UBS analyst Michael Binetti downgraded L Brands to Neutral saying same-store-sales volatility, elevated execution risk in the core business and "sluggish" industry trends provide less support for the valuation multiple. He lowered his price target for the shares to $74 from $101.
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