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Fly News Breaks for September 20, 2017
LB
Sep 20, 2017 | 08:23 EDT
As previously reported, Cowen analyst Oliver Chen downgraded L Brands to Market Perform from Outperform as he sees risk to its comparable sales growth and margins if the company can not achieve elevated pricing. The analyst, who still believes the company has one of the best management teams in the retail sector and that its business trends should eventually improve, trimmed his price target on the stock to $39 from $40.
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