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LB

L Brands

$31.34

-0.19 (-0.60%)

, AEO

American Eagle

$24.52

-0.32 (-1.29%)

08:58
07/25/18
07/25
08:58
07/25/18
08:58

L Brands bondholders 'slowly waking up to the reality,' says Jefferies

The credit default swaps of L Brands (LB) are rising since late May as new data points "have confirmed" the company's "monopoly is under assault," Jefferies analyst Randal Konik tells investors in a research note. Bondholders are "slowly waking up to the reality" that Victoria's Secret is "broken," PINK is "breaking," and Bed Bath & Beyond is "peaking," Konik adds. He believes rising CDS and falling bond prices indicate L Brands' debt "may lose its reputation as a complacent long." The analyst continues to believe American Eagle's (AEO) Aerie's market share gains have been a key driver of PINK's deterioration. He reiterates an Underperform rating on L Brands with a $23 price target.

LB

L Brands

$31.34

-0.19 (-0.60%)

AEO

American Eagle

$24.52

-0.32 (-1.29%)

LB L Brands
$31.34

-0.19 (-0.60%)

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.
07/13/18
MSCO
07/13/18
NO CHANGE
MSCO
Overweight
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.
07/24/18
LOOP
07/24/18
NO CHANGE
Target $27
LOOP
Buy
American Eagle shares inexpensive at current levels, says Loop Capital
After touring the new format of the Aerie store, Loop Capital analyst Laura Champine reiterates a Buy rating on American Eagle Outfitters (AEO) with a $27 price target. The Aerie brand, which has now comped positive 20% or better for three consecutive years, seems to be continuing its momentum as it takes share from L Brands' (LB) Victoria Secret's and Pink brand, Champine tells investors in a research note. The analyst feels owning American Eagle shares this year makes sense as the company is likely to be one of the few retailers to show margin expansion and high-single digit same-store-sales growth. She believes the stock is inexpensive at current levels.
07/25/18
JEFF
07/25/18
NO CHANGE
Target $33
JEFF
Buy
Jefferies sees Aerie hitting $2B-$3B in sales, ups American Eagle target
American Eagle's (AEO) Aerie has the potential to be a greater than $1.5B brand over the next few years and research $2B-$3B in revenue over the long term, Jefferies analyst Janine Stichter tells investors in a research note. The analyst sees Aerie reaching 30% of American Eagle revenue in the next few years and 40% longer term. This will help drive American Eagle shares higher while adding pressure to L Brands (LB), Stichter contends. She believes recent American Eagle management commentary suggests increasing confidence in the Aerie concept. The analyst raised her price target for the shares to $33 from $30 and reiterates a Buy rating on the name.
AEO American Eagle
$24.52

-0.32 (-1.29%)

06/21/18
JEFF
06/21/18
NO CHANGE
Target $30
JEFF
Buy
American Eagle price target raised to $30 from $27 at Jefferies
Jefferies analyst Janine Stichter raised her price target for American Eagle Outfitters to $30 after hosting management at her firm's annual consumer conference. The analyst senses the company's sales momentum "remains strong and margins continue to inflect higher." She believes a favorable product cycle combined with solid product execution should allow the core American Eagle brand to continue to gain share. Stichter reiterates a Buy rating on the shares.
07/06/18
LOOP
07/06/18
NO CHANGE
Target $27
LOOP
Buy
American Eagle price target raised to $27 at Loop Capital on channel check data
Loop Capital analyst Laura Champine nudged her price target on American Eagle to $27 from $26 and kept her Buy rating after "better than expected channel checks in apparel for Q2". The analyst anticipates a "more varied silhouette" in denim boosting the brand strength, while the company's Aerie brand takes the spotlight from the fading Victoria Secret's Pink brand. Champine adds that she now sees less need for discounting to achieve her comps target for the year, also raising her gross margin expansion target for FY18 to 60bps.

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TGI

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TRQ

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RIO

Rio Tinto

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0.77 (1.27%)

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RIO

Rio Tinto

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VMW

VMware

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2.48 (1.46%)

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CGIX

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Interpace Diagnostics

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EYEN

Eyenovia

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0.04 (1.40%)

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ET

Energy Transfer LP

$14.91

0.09 (0.61%)

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INNT

Innovate Biopharmaceuticals

$1.12

0.02 (1.82%)

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LAMR

Lamar Advertising

$80.70

-0.31 (-0.38%)

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LMT

Lockheed Martin

$367.65

-1.81 (-0.49%)

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EGHT

8x8, Inc.

$25.62

-0.24 (-0.93%)

, FIVN

Five9

$48.00

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LOGM

LogMeln

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RNG

RingCentral

$123.31

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WORK

Slack Technologies

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1.04 (3.08%)

TWLO

Twilio

$145.36

3.185 (2.24%)

VG

Vonage

$12.79

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ZM

Zoom Video

$99.76

6.465 (6.93%)

GOOG

Alphabet

$1,150.39

5.84 (0.51%)

MSFT

Microsoft

$138.94

0.08 (0.06%)

AMZN

Amazon.com

$2,021.00

10.38 (0.52%)

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WTI

W&T Offshore

$4.83

0.13 (2.77%)

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SRT

StarTek

$7.10

0.04 (0.57%)

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VTVT

vTv Therapeutics

$1.37

(0.00%)

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JBHT

J.B. Hunt

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-0.45 (-0.48%)

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ARW

Arrow Electronics

$68.82

-0.15 (-0.22%)

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UBNK

United Financial

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TRWH

Twin River Worldwide

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HQY

HealthEquity

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TSS

TSYS

$133.45

1.26 (0.95%)

, GPN

Global Payments

$165.94

1.69 (1.03%)

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$133.45

1.26 (0.95%)

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ECOR

electroCore

$1.61

0.01 (0.63%)

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CFMS

Conformis

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VIAB

Viacom

$31.72

0.02 (0.06%)

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$36.15

-0.15 (-0.41%)

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