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Fly News Breaks for February 23, 2017
LB
Feb 23, 2017 | 06:31 EDT
Citi analyst Paul Lejuez believes L Brands' weaker than expected comps for February include some temporary factors, like weather and pressure from later tax refund receipts. The corresponding selloff in the stock brings a "very attractive" risk/reward for FY17, Lejuez tells investors in a research note. He believes LB operates in two of the most attractive categories in retail and thinks the stock can double over the next three years. The analyst keeps a Buy rating on the name with an $84 price target
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