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LB

L Brands

$31.63

-1.1 (-3.36%)

12:10
08/15/18
08/15
12:10
08/15/18
12:10

Bullish longer-term option play in L Brands ahead of earnings next week

Bullish longer-term option play in L Brands ahead of earnings next week. The stock off $1.09 to $31.63 amid broader losses in the retailers and 3K Jan2020 37.5 - 50 call spreads bought for $2.10. Both legs open and the position reaps a max payout if shares trade north of $50 through early-2020, or a 58% advance from current levels. December 2017 52-week high is $62.95. Earnings 8/22.

  • 23

    Aug

LB L Brands
$31.63

-1.1 (-3.36%)

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.
07/25/18
JEFF
07/25/18
NO CHANGE
Target $23
JEFF
Underperform
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.
08/09/18
LOOP
08/09/18
NO CHANGE
Target $27
LOOP
Sell
Loop Capital keeps Sell rating on L Brands after July update
Loop Capital analyst Laura Champine said L Brands' flat same-store sales growth missed consensus estimates in July and did so with weaker merchandise margins. She also noted that Victoria's Secret reported a 4% same-store sales decline despite heavy promotions. The analyst, who is concerned that Victoria's Secret's marketing, size limits, price range, and aesthetics are out of touch with changing consumer preferences, keeps a Sell rating and $27 price target on L Brands shares.
08/10/18
WEDB
08/10/18
INITIATION
Target $33
WEDB
Neutral
L Brands initiated with a Neutral at Wedbush
Wedbush analyst Jen Redding initiated shares of L Brands with a Neutral rating and $33 price target, telling investors that she views L Brands as a compelling story and that its management team is focused on "the right key initiatives" to drive meaningful multi-year runway ahead. She says she is initiating on the sidelines, however, due to mixed performance with strength at Bath and Body Works offset by increased competitive pressures dragging on Victoria's Secret.

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WOLWF

Woolworths Group

$0.00

(0.00%)

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LLESY

Lendlease Group

$0.00

(0.00%)

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EFSC

Enterprise Financial

$41.41

0.99 (2.45%)

17:56
01/21/19
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17:56
Earnings
Enterprise Financial reports Q4 EPS $1.02, consensus 95c »

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  • 22

    Jan

FB

Facebook

$150.01

1.77 (1.19%)

16:36
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16:36
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16:36
Periodicals
Facebook planning to add 1,000 jobs in Ireland by year-end, Reuters says »

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FB

Facebook

$150.01

1.77 (1.19%)

16:33
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Facebook's WhatsApp limits users to five text forwards, Reuters reports »

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ENB

Enbridge

$36.10

0.425 (1.19%)

16:28
01/21/19
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Enbridge gas pipeline explosion creates fireball in Ohio, Reuters says »

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LIN

Linde plc

$160.76

3.48 (2.21%)

16:25
01/21/19
01/21
16:25
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16:25
Periodicals
Linde Plc to launch $6B share buyback scheme, Reuters says »

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  • 28

    May

HENKY

Henkel

$0.00

(0.00%)

16:01
01/21/19
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16:01
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16:01
Downgrade
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CAG

Conagra Brands

$21.58

0.34 (1.60%)

14:06
01/21/19
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14:06
Hot Stocks
Conagra exploring alternatives for Italian-based frozen pasta business »

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  • 22

    Jan

13:15
01/21/19
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13:15
General news
IMF trimmed global growth amid "no-deal" Brexit and trade war concerns »

IMF trimmed global growth…

UQM

UQM Technologies

$1.10

0.05 (4.76%)

13:05
01/21/19
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13:05
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13:05
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UQM Technologies acquired by Danfoss Power Solutions for $1.71 per share »

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SNY

Sanofi

$41.50

-0.54 (-1.28%)

12:37
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Sanofi granted U.K. marketing authorization for TIV High Dose »

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    Apr

RTN

Raytheon

$165.11

2.285 (1.40%)

12:33
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IBCP

Independent Bank

$22.80

-0.11 (-0.48%)

11:26
01/21/19
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Independent Bank boosts quarterly dividend by 20% to 18c »

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  • 29

    Jan

11:25
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General news
FX Update: The dollar majors have been directionally challenged »

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EDIT

Editas Medicine

$26.16

-0.01 (-0.04%)

11:25
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Editas Medicine announces publication of EDIT-101 data in Nature Medicine »

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

, GOOGL

Alphabet Class A

$1,106.92

7.52 (0.68%)

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$1,098.25

6.96 (0.64%)

GOOGL

Alphabet Class A

$1,106.92

7.52 (0.68%)

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    Jan

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    Feb

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    Mar

LAD

Lithia Motors

$87.13

1.57 (1.84%)

10:25
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10:25
Conference/Events
Lithia Motors to host special shareholder meeting »

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CYDY

CytoDyn

$0.00

(0.00%)

10:25
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Conference/Events
CytoDyn participates in lunch meeting with Philadelphia Securities »

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  • 21

    Jan

ABT

Abbott

$71.43

0.9 (1.28%)

09:50
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  • 23

    Jan

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    Jan

SFUN

Fang Holdings

$1.88

-0.01 (-0.53%)

09:48
01/21/19
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09:48
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Fang announces management changes, proposed China Index spin-off »

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TS

Tenaris

$24.32

0.64 (2.70%)

09:45
01/21/19
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Tenaris closes acquisition of 47.79% of Saudi Steel Pipe shares »

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PAAS

Pan American Silver

$14.17

-0.31 (-2.14%)

09:42
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09:42
Hot Stocks
Pan American reports 2018 silver production 24.8M ounces »

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CRWS

Crown Crafts

$5.68

(0.00%)

09:38
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Crown Crafts announces retirement of NoJo Baby & Kids CEO »

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AL

Air Lease

$37.50

0.6 (1.63%)

, BA

Boeing

$364.79

5.52 (1.54%)

09:36
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AL

Air Lease

$37.50

0.6 (1.63%)

BA

Boeing

$364.79

5.52 (1.54%)

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    Jan

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