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Fly News Breaks for July 19, 2017
LB
Jul 19, 2017 | 07:34 EDT
Credit Suisse analyst Christian Buss lowered his price target for L Brands to $47 from $55 saying the backdrop of a deteriorating brick-and-mortar environment requires a reversal of square footage growth plans in North America, which does not appear a near-term likelihood following discussions with management. He reiterates a Neutral rating on the shares.
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