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Fly News Breaks for March 28, 2017
LB
Mar 28, 2017 | 07:06 EDT
Jefferies analyst Randal Konik lowered his price target for L Brands to $35 saying his "data-driven analyses" show that the company's PINK brand is peaking. With PINK growth slowing, the analyst sees more earnings risk ahead for L Brands. He believes the brand has accounted for nearly all of Victoria's Secret's domestic growth in the past five years. Konik again lowered his estimates for L Brands and keeps an Underperform rating on the shares.
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