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Fly News Breaks for March 20, 2018
LB
Mar 20, 2018 | 06:29 EDT
Loop Capital analyst Laura Champine lowered her price target on L Brands to $42 citing continued limited visibility into the company's projected SSS and margin recovery. The analyst adds that her recent discussions with the management suggest "business as usual" product development in the struggling Victoria's Secret brand, which may not be appropriate considering the tight pricing competition in that market. Champine keeps her Hold rating on L Brands, calling for caution until the VS segment shows "real improvement".
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