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Fly News Breaks for January 5, 2017
LB
Jan 5, 2017 | 09:31 EDT
Jefferies analyst Randal Konik believes risks are rising at L Brands after the company's December same-store-sales missed expectations. The weakness should extend into FY18 as competition rises and the reliance on promotions continues, Konik tells investors in a research note. He cut his price target for the shares to $48 from $50 and reiterates an Underperform rating on the shares.
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