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Fly News Breaks for November 22, 2019
LB
Nov 22, 2019 | 09:21 EDT
DA Davidson analyst John Morris lowered his price target on L Brands to $18 and kept his Neutral rating after its in-line Q3 earnings and a warning by the management that the shorter holiday season and last year's promotional activity could result in headwinds during Q4. The analyst intends to continue monitoring the company's merchandise margins as L Brands navigates a "challenging quarter" while holding an elevated inventory position.
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