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Fly News Breaks for August 18, 2017
LB
Aug 18, 2017 | 09:03 EDT
Cowen analyst Oliver Chen noted L Brands shares are at multi-year lows following its Q2 results. The analyst said he is cautiously optimistic the company can hit its guidance for the full year but he believes execution is a clear risk. Chen maintained his Outperform rating and lowered his price target to $40 from $49 on L Brands shares.
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