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Fly News Breaks for August 18, 2017
LB
Aug 18, 2017 | 09:21 EDT
Buckingham analyst - Kelly Halsor lowered her price target on L Brands after the company cut its full-year EPS guidance. However, she continues to expect Victoria Secret comps to rebound in 2H17 versus 1H17. She adds that fears about BBW comps turning negative are overdone, and she thinks that the stock's risk/reward ratio is positive. Halsor keeps a Buy rating on the stock.
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