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Fly News Breaks for April 26, 2017
LB
Apr 26, 2017 | 07:54 EDT
Buckingham upgraded L Brands to Buy and raised its price target to $60 from $52 saying the worst of trends at Victoria's Secret are past and believes core comps and margin can improve going forward. The firm's analyst said Jan Singer, new Victoria's Secret CEO, is focused on regaining share and expects the company's core bra business to improve in 2H 2017, re-rating shares higher.
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