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Fly News Breaks for May 19, 2016
LB
May 19, 2016 | 07:03 EDT
MKM Partners analyst Roxanne Meyer downgraded L Brands to Neutral and lowered its price target to $60 from $83. The analyst said decelerating comps and the change in leadership in lingerie signaling that execution issues may continue, provides less confidence in fundamentals. Additionally, Meyer is disappointing in the pace of international accretion to-date.
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