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LB

L Brands

$20.35

0.455 (2.29%)

16:35
08/21/19
08/21
16:35
08/21/19
16:35

L Brands reports Q2 Stores Only SSS down 4%

Reports Q2 Stores Only SSS for Victoria's Secret down 9% and for Bath & Body Works up 4%.

  • 22

    Aug

  • 23

    Sep

LB L Brands
$20.35

0.455 (2.29%)

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.

TODAY'S FREE FLY STORIES

GSS

Golden Star Resources

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0.05 (1.70%)

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TER

Teradyne

$59.24

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UCBI

United Community Banks

$29.30

0.12 (0.41%)

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NEM

Newmont Goldcorp

$37.80

-0.17 (-0.45%)

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ATR

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BUSE

First Busey

$25.45

0.05 (0.20%)

17:01
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  • 13

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SNAP

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$14.00

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  • 22

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SMH

Market Vectors Semiconductor

$123.51

-0.88 (-0.71%)

, TXN

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$128.61

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INTC

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QCOM

Qualcomm

$78.46

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TSM

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AVGO

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$287.54

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NVDA

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ASML

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ADI

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AMD

AMD

$31.51

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REED

Reed's

$0.70

-0.0297 (-4.07%)

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KRG

Kite Realty Group

$17.32

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  • 06

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USO

United States Oil Fund

$11.35

0.145 (1.29%)

16:40
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General News
API crude inventories for week of October 18 »

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LRN

K12

$24.84

-0.56 (-2.20%)

16:37
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  • 22

    Oct

BIIB

Biogen

$281.89

58.32 (26.09%)

, PG

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MTH

Meritage Homes

$74.88

0.23 (0.31%)

16:36
10/22/19
10/22
16:36
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16:36
Earnings
Meritage Homes raises FY19 EPS view to $5.50-$5.70 from $5.20-$5.50 

Consensus $5.46.

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  • 23

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LRN

K12

$24.84

-0.56 (-2.20%)

16:34
10/22/19
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16:34
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16:34
Earnings
K12 sees Q2 revenue $255M-$260M , consensus $255.93M »

Sees Q2 CapEx $9.0M-$11M,…

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  • 22

    Oct

MTH

Meritage Homes

$74.88

0.23 (0.31%)

16:34
10/22/19
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Earnings
Meritage Homes reports Q3 EPS $1.79, consensus $1.50 »

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  • 23

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LRN

K12

$24.84

-0.56 (-2.20%)

16:34
10/22/19
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16:34
Earnings
K12 sees FY20 revenue $1.02B-$1.035B , consensus $1.03B »

Sees FY20 capital…

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  • 22

    Oct

MGNX

MacroGenics

$11.01

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  • 06

    Nov

AMZN

Amazon.com

$1,766.07

-18.66 (-1.05%)

, MSFT

Microsoft

$136.39

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MSFT

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  • 23

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TRMK

Trustmark

$34.83

-0.15 (-0.43%)

16:32
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Earnings
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  • 23

    Oct

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    Nov

FULT

Fulton Financial

$16.76

0.09 (0.54%)

16:32
10/22/19
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Earnings
Fulton Financial reports Q3 EPS 37c, consensus 35c »

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  • 23

    Oct

LRN

K12

$24.84

-0.56 (-2.20%)

16:32
10/22/19
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16:32
Earnings
K12 reports Q1 EPS (25c), consensus (19c) »

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  • 22

    Oct

IBIO

iBio

$0.57

0.0722 (14.44%)

16:31
10/22/19
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16:31
Earnings
iBio reports on NYSE American noncompliance notice, compliance plan »

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NTB

Butterfield

$30.90

-0.09 (-0.29%)

16:31
10/22/19
10/22
16:31
10/22/19
16:31
Earnings
Butterfield reports Q3 core EPS 91c, consensus 91c »

Net interest income…

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  • 23

    Oct

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