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Fly News Breaks for August 18, 2017
LB
Aug 18, 2017 | 06:38 EDT
Citi analyst Paul Lejuez says that while he still sees "several risks" in L Brands' business, the dividend yield is now over 6% after yesterday's selloff. This skews the risk/reward more positively, Lejuez tells investors in a research note. The analyst lowered his price target for the shares to $40 from $49 and keeps a Neutral rating on the name.
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