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Fly News Breaks for November 21, 2019
LB
Nov 21, 2019 | 11:21 EDT
Loop Capital analyst Laura Champine maintained a Sell rating on L Brands and lowered her price target on shares to $14 from $15 as the analyst sees "significant risks to the company hitting its full-year EPS guidance" without a better margin trajectory over the holidays for its Victoria's Secret brand. Champine noted that the new management team for Victoria's Secret began updating merchandise back in August, but still saw deceleration in the October quarter comp on a one- and two-year basis.
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