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LB

L Brands

$20.18

0.285 (1.43%)

15:04
08/21/19
08/21
15:04
08/21/19
15:04

L Brands options imply 17.5% move in share price post-earnings

Pre-earnings options volume in L Brands is 1.4x normal with puts leading calls 7:6. Implied volatility suggests the market is anticipating a move near 17.5%, or $3.54, after results are released. Median move over the past eight quarters is 8.0%.

  • 22

    Aug

  • 23

    Sep

LB L Brands
$20.18

0.285 (1.43%)

07/15/19
SBSH
07/15/19
DOWNGRADE
SBSH
Neutral
L Brands downgraded to Neutral from Buy at Citi
Citi analyst Paul Lejuez downgraded L Brands to Neutral from Buy.
07/15/19
SBSH
07/15/19
DOWNGRADE
Target $27
SBSH
Neutral
Citi downgrades L Brands to Neutral on lack of Victoria's Secret turnaround
Citi analyst Paul Lejuez downgraded L Brands to Neutral from Buy and lowered his price target for the shares to $27 from $35. The analyst's former view on the stock was based on the belief that a Victoria's Secret turnaround could be successful if the brand adopted a more inclusive approach. However, with management slow to implement meaningful change, and "cultural norms shifting away from them," it may be "too little too late" for a meaningful turnaround at Victoria's Secret, Lejuez tells investors in a research note. Further, the analyst says he can't ignore the risk that Bath and Body Works comparisons keep getting tougher and store traffic remains weak. He views L Brands' risk/reward as balanced at current share levels.
07/15/19
07/15/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Teva (TEVA) and Endo (ENDP) downgraded to Underweight from Equal Weight at Morgan Stanley. 2. Marriott (MAR) downgraded to Neutral from Buy at Longbow with analyst Alton Stump citing valuation. 3. General Electric (GE) downgraded to Neutral from Buy at UBS with analyst Damian Karas saying that a "notable" decline in interest rates and the continued weakness in the power market combine toward a "more balanced" upside with downside. 4. WageWorks (WAGE) downgraded to Hold from Buy at Stifel with analyst David Grossman saying he does not envision a competing takeover offer for the company. 5. L Brands (LB) downgraded to Neutral from Buy at Citi with analyst Paul Lejuez saying his former view on the stock was based on the belief that a Victoria's Secret turnaround could be successful if the brand adopted a more inclusive approach. However, with management slow to implement meaningful change, and "cultural norms shifting away from them," it may be "too little too late" for a meaningful turnaround at Victoria's Secret. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/29/19
JEFF
07/29/19
NO CHANGE
JEFF
L Brands PINK brand 'fading fast,' says Jefferies
Jefferies analyst Randal Konik maintained a Sell rating and $16 price target on L Brands, noting that he has tracked bra prices across Victoria's Secret and PINK over the past decade, and believes the data shows that the PINK brand is fading fast. Konik said that PINK is using "step discounts to try to spur demand," and noted that PINK makes up about 40% of Victoria Secret sales with $3B in sales. The analyst sees more downside in PINK than the Street anticipates, and he believes it will put pressure on L Brands' EPS over the next two years.

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ATUS

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CHD

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UNT

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SEMG

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CI

Cigna

$160.67

-0.41 (-0.25%)

09:58
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GM

General Motors

$37.76

-1.07 (-2.76%)

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General Motors, UAW restart talks as workers strike, Reuters reports »

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USIO

Usio

$2.23

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JPM

JPMorgan

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  • 15

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MTNOY

MTN Group

09:55
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MTN Group management to meet with JPMorgan »

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  • 18

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KR

Kroger

$25.93

-0.32 (-1.22%)

09:55
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MUR

Murphy Oil

, DO

Diamond Offshore

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HAL

Halliburton

$21.87

1.605 (7.92%)

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  • 21

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ATRA

Atara Biotherapeutics

$14.61

-0.55 (-3.63%)

09:51
09/16/19
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09:51
Downgrade
Atara Biotherapeutics rating change  »

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  • 16

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WBS

Webster Financial

$48.58

-0.71 (-1.44%)

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VST

Vistra Energy

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EYE

National Vision

$30.20

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ZYNE

Zynerba

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-0.27 (-2.22%)

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VNE

Veoneer

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ABR

Arbor Realty

$12.88

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Conference/Events
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LHX

L3Harris Technologies

$211.04

3.42 (1.65%)

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UPS

UPS

$122.66

(0.00%)

09:43
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  • 17

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ARWR

Arrowhead

$29.91

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ALDR

Alder Biopharmaceuticals

$10.05

(0.00%)

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