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LB

L Brands

$32.33

-4.44 (-12.08%)

08:42
07/13/18
07/13
08:42
07/13/18
08:42

Morgan Stanley says L Brands report 'disappointing' given Victoria's Secret miss

Morgan Stanley analyst Kimberly Greenberger noted that L Brands' June comparable sales increase of 3% was in-line with her expectations and the consensus forecast, but that Victoria's Secret "significantly disappointed" with 1% June comp decrease that was below her estimate for a 4% increase and below the Street's forecast for the brand's sales to be up 3%. While stating that numbers should get "less bad" over the next six months, Greenberger still struggles to find a positive catalyst for the stock. Still, she maintains an Overweight rating on L Brands shares given what she views as "very attractive" risk/reward balance.

LB L Brands
$32.33

-4.44 (-12.08%)

05/29/18
JEFF
05/29/18
NO CHANGE
Target $23
JEFF
Underperform
Jefferies sees further downside in shares of L Brands
Jefferies analyst Randal Konik says his sum-of-the-parts analysis, debt market observations, and dividend safety concerns suggest further downside in shares of L Brands. Structural issues facing the company's business warrant a downward re-rating in shares, Konik tells investors in a research note titled "Us (Matador) vs. Them (Bulls)... Refuting Their Case." The analyst reiterates an Underperform rating on the stock with a $23 price target.
06/21/18
UBSW
06/21/18
INITIATION
Target $37
UBSW
Neutral
L Brands initiated with a Neutral at UBS
UBS analyst Jay Sole started L Brands with a Neutral rating and $37 price target.
07/12/18
LOOP
07/12/18
NO CHANGE
Target $27
LOOP
Sell
L Brands June sales had 'weaker merchandise margins', says Loop Capital
Loop Capital analyst Laura Champine kept her Sell rating and $27 price target on L Brands after its June sales results earlier this morning, saying that while comps rose 3% to meet consensus expectations, the merchandise margins were weaker. The analyst notes that the semi-annual sale at Victoria's Secret failed to drive traffic, as the 1% decline in that segment's comps followed a 17% decline in the same month of last year in spite of the company's heavy promotions. Champine also reiterated her concerns with Victoria's Secret's marketing, size limits, price range, and aesthetics being "out of touch with changing consumer preferences and options".
07/13/18
BARD
07/13/18
NO CHANGE
Target $45
BARD
Outperform
L Brands price target cut to $45 at Baird, sees shares range bound near-term
Baird analyst Mark Altschwager maintained an Outperform rating on L Brands but lowered his price target to $45 from $48 after the company reported June comps about in line with consensus, with strong results at Bath & Body Works offsetting a weak report at Victoria's Secret. Altschwager tells investors in a research note that he thinks the resiliency of B&BW supports a value case for shares in the low-to-mid-$30's for patient investors, but he expects shares to remain range bound near-term until evidence of traction in product and brand at Victoria's Secret emerges.

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BBT

BB&T

$48.29

0.56 (1.17%)

16:54
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BB&T releases results of mid-cycle stress test »

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GPOR

Gulfport Energy

$10.60

-0.39 (-3.55%)

16:48
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Gulfport Energy reports Q3 net production 1,427.5 MMcfe per day, up 7% »

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CVLY

Codorus Valley Bancorp

$29.90

-0.2 (-0.66%)

16:47
10/18/18
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16:47
Earnings
Codorus Valley Bancorp reports Q3 EPS 53c, consensus 37c »

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PNW

Pinnacle West

$83.48

-0.235 (-0.28%)

16:43
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16:43
Hot Stocks
Pinnacle West increases quarterly dividend 6.1% »

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CE

Celanese

$97.01

-2.76 (-2.77%)

16:37
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16:37
Earnings
Celanese raises FY18 adjusted EPS view to $10.90-$11.10 from $10.50-$10.75 »

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  • 19

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JACK

Jack in the Box

$79.90

-2.29 (-2.79%)

16:36
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16:36
Initiation
Jack in the Box initiated  »

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NVS

Novartis

$86.24

0.9 (1.05%)

, ECYT

Endocyte

$23.40

7.85 (50.48%)

16:35
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General news
Fly Intel: Wall Street's top stories for Thursday »

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NVS

Novartis

$86.24

0.9 (1.05%)

ECYT

Endocyte

$23.40

7.85 (50.48%)

TRV

Travelers

$125.08

-1.39 (-1.10%)

KO

Coca-Cola

$45.64

-0.22 (-0.48%)

AAPL

Apple

$215.98

-5.22 (-2.36%)

NFLX

Netflix

$346.71

-18.24 (-5.00%)

AMZN

Amazon.com

$1,771.45

-61.36 (-3.35%)

ACHC

Acadia

$38.57

2.8 (7.83%)

AA

Alcoa

$38.85

2.14 (5.83%)

APLS

Apellis

$13.80

-2.85 (-17.12%)

SNA

Snap-On

$151.46

-16.15 (-9.64%)

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CE

Celanese

$97.01

-2.76 (-2.77%)

16:35
10/18/18
10/18
16:35
10/18/18
16:35
Earnings
Celanese reports Q3 adjusted EPS $2.96, consensus $2.74 »

Reports Q3 revenue…

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  • 19

    Oct

16:34
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16:34
10/18/18
16:34
General news
Fed Balance Sheet Level data reported »

Week of 10/17 Fed Balance…

16:34
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16:34
General news
Money Supply M2 Weekly Change data reported »

Week of 10/8 Money Supply…

ARGO

Argo Group

$60.43

-0.02 (-0.03%)

16:34
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10/18
16:34
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16:34
Hot Stocks
Argo Group sees Q3 pre-tax catastrophe losses of roughly $25M »

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  • 06

    Nov

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    Nov

GBCI

Glacier Bancorp

$41.19

-0.91 (-2.16%)

16:34
10/18/18
10/18
16:34
10/18/18
16:34
Earnings
Glacier Bancorp reports Q3 EPS 58c, consensus 60c »

Reports net interest…

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  • 19

    Oct

DNKN

Dunkin' Brands

$73.59

-0.88 (-1.18%)

16:34
10/18/18
10/18
16:34
10/18/18
16:34
Initiation
Dunkin' Brands initiated  »

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  • 25

    Oct

ENFC

Entegra Financial

$23.80

-0.43 (-1.77%)

16:33
10/18/18
10/18
16:33
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16:33
Earnings
Entegra Financial reports Q3 adjusted EPS 51c, consensus 56c »

Roger D. Plemens,…

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  • 19

    Oct

PLAY

Dave & Buster's

$59.90

-1.7 (-2.76%)

16:32
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Initiation
Dave & Buster's initiated  »

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CAL

Caleres

$33.29

-0.79 (-2.32%)

16:32
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Caleres acquires Vionic for $360M »

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NTR

Nutrien

$54.54

-1.125 (-2.02%)

16:31
10/18/18
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16:31
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16:31
Upgrade
Nutrien rating change  »

Nutrien upgraded to Buy…

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  • 13

    Nov

MU

Micron

$41.30

-1.06 (-2.50%)

, INTC

Intel

$44.98

-0.92 (-2.00%)

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Hot Stocks
Micron intends to acquire remaining interest in IM Flash JV for about $1.5B »

Micron (MU) announced…

MU

Micron

$41.30

-1.06 (-2.50%)

INTC

Intel

$44.98

-0.92 (-2.00%)

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  • 22

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SFIX

Stitch Fix

$25.65

0.34 (1.34%)

, ZEN

Zendesk

$61.68

-1.29 (-2.05%)

16:31
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16:31
Hot Stocks
Stitch Fix adds Mikkel Svane to Board of Directors »

Stitch Fix (SFIX)…

SFIX

Stitch Fix

$25.65

0.34 (1.34%)

ZEN

Zendesk

$61.68

-1.29 (-2.05%)

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SYMC

Symantec

$19.97

-0.595 (-2.89%)

16:31
10/18/18
10/18
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16:31
Initiation
Symantec initiated  »

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AAPL

Apple

$215.98

-5.22 (-2.36%)

16:30
10/18/18
10/18
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16:30
Initiation
Apple initiated  »

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QLYS

Qualys

16:30
10/18/18
10/18
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16:30
Initiation
Qualys initiated  »

Qualys initiated with an…

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DRI

Darden

16:30
10/18/18
10/18
16:30
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Initiation
Darden initiated  »

Darden initiated with an…

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XOG

Extraction Oil & Gas

$10.49

-0.3 (-2.78%)

16:30
10/18/18
10/18
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10/18/18
16:30
Hot Stocks
Extraction Oil & Gas sees Q3 average net sales volume of 75.7K BOE/d »

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  • 06

    Nov

VMW

VMware

$145.51

-2.76 (-1.86%)

16:30
10/18/18
10/18
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Initiation
VMware initiated  »

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