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Fly News Breaks for December 6, 2016
LB
Dec 6, 2016 | 13:33 EDT
Jefferies analyst Randal Konik notes that total viewership for the Victoria's Secret fashion show was "roughly flat" with last year's trough level of 6.65M viewers, and the core 18-49 demographic hit an all-time low rating of 2.1. Konik continues to think emerging competition and a shift in consumer mindset has hurt interest in the Victoria's Secret brand and keeps an Underperform rating and $50 price target on shares of its parent, L Brands.
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