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LB

L Brands

$19.33

-0.72 (-3.59%)

07:36
08/23/19
08/23
07:36
08/23/19
07:36

L Brands price target lowered to $21 at Bernstein

Bernstein analyst Jamie Merriman lowered her price target for L Brands to $21 from $30 and maintained a Market Perform rating. While the analyst sees meaningful upside in L Brands on a distributable cash flow basis, assuming that Bath & Body Works holds up and that Victoria's Secret stabilizes, she says many uncertainties are likely to continue and does not expect investors to give management the benefit of the doubt.

  • 23

    Sep

  • 21

    Nov

LB L Brands
$19.33

-0.72 (-3.59%)

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.
08/22/19
LOOP
08/22/19
NO CHANGE
Target $15
LOOP
Sell
L Brands price target lowered to $15 from $20 at Loop Capital
Loop Capital analyst Laura Champine lowered her price target on L Brands shares to $15 from $20 and keeps a Sell rating on the stock after the company's Q2 earnings report.
08/22/19
JEFF
08/22/19
NO CHANGE
Target $16
JEFF
Underperform
L Brands downside to $10 'most likely' case, says Jefferies
Jefferies analyst Randal Konik said he believes problems at Victoria's Secret are brand and competition related, not product related as L Brands contends, while the brand and Bath and Body Works are both "overstored" in his view. The analyst, who thinks Victoria's Secret is "broken," PINK is "broken" and Bath and Body has "peaked," keeps an Underperform rating on L Brands shares with a $16 price target, though he added that he thinks his downside case for the shares falling to $10 is now "most likely."
08/23/19
RBCM
08/23/19
DOWNGRADE
Target $22
RBCM
Sector Perform
L Brands downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analsyt Kate Fitzsimons downgraded L Brands to Sector Perform from Outperform and cut her price target to $22 from $30. The analyst thinks Victoria's Secret product and marketing efforts into second half 2019 will take longer tin inflect the business than outlined by management's 2019 outlook. Further, Fitzsimons questions Victoria's Secret and Pink brand's positioning in a more body-positive environment and said 20%+ margins likely peaked given rising expense pressures on the business.

TODAY'S FREE FLY STORIES

CAL

Caleres

$22.08

-0.71 (-3.12%)

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CHSP

Chesapeake Lodging

$27.20

-0.2 (-0.73%)

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Park Hotels & Resorts

$25.80

-0.32 (-1.23%)

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Chesapeake Lodging

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Park Hotels & Resorts

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CAE

CAE

$25.54

0.4 (1.59%)

16:34
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Conference/Events
CAE management to meet with CIBC »

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UNVR

Univar

$22.68

0.29 (1.30%)

16:34
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  • 23

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SGMS

Scientific Games

$23.62

-0.3 (-1.25%)

16:33
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  • 23

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CLPHY

CLP Holdings

$0.00

(0.00%)

16:32
09/17/19
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16:32
Conference/Events
CLP Holdings management to meet with CIBC »

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  • 19

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CBAY

CymaBay

$5.86

-0.02 (-0.34%)

16:31
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CymaBay announces departure of Chief Medical Officer Pol Boudes »

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  • 23

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AMR

Alta Mesa Resources

$0.12

0.0062 (5.64%)

16:31
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Alta Mesa Resources receives Nasdaq notice of delisting »

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MGA

Magna

$53.89

0.05 (0.09%)

16:30
09/17/19
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16:30
Conference/Events
Magna management to meet with CIBC »

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  • 17

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  • 24

    Sep

16:30
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Options
Preliminary option volume of 17.2M today »

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General news
Treasury Market Summary »

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FB

Facebook

$188.13

1.89 (1.01%)

16:29
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Facebook's Zuckerberg says Oversight Board a way to address 'harmful content' »

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TTWO

Take-Two

$130.79

2.085 (1.62%)

16:28
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Take-Two's Rockstar debuts own PC game launcher »

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  • 18

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IOTS

Adesto Technologies

$10.63

-0.66 (-5.85%)

16:27
09/17/19
09/17
16:27
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16:27
Syndicate
Adesto Technologies files to sell Convertible Senior Notes due 2024 »

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ADBE

Adobe

$284.59

1.54 (0.54%)

16:25
09/17/19
09/17
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16:25
Earnings
Adobe sees FY19 digital experience bookings growth greater than 20% »

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JCAP

Jernigan Capital

$20.00

-0.04 (-0.20%)

, CUBE

CubeSmart

$35.92

0.82 (2.34%)

16:21
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Jernigan Capital acquires membership interests in six properties »

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JCAP

Jernigan Capital

$20.00

-0.04 (-0.20%)

CUBE

CubeSmart

$35.92

0.82 (2.34%)

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CHWY

Chewy

$30.20

-0.2 (-0.66%)

16:21
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Earnings
Chewy sees FY19 revenue $4.75B-$4.8B »

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  • 17

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VRTS

Virtus Investment

$119.64

0.64 (0.54%)

16:21
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Virtus Investment names Wendy Hills as EVP and Chief Legal Officer »

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  • 18

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YUM

Yum! Brands

$112.81

2.255 (2.04%)

16:20
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Yum! Brands announces management changes »

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  • 01

    Oct

CGC

Canopy Growth

$28.40

0.61 (2.20%)

16:20
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Initiation
Canopy Growth initiated  »

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  • 26

    Sep

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
09/17/19
09/17
16:20
09/17/19
16:20
Options
Closing CBOE SPX and VIX Index summary for September 17th »

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IOTS

Adesto Technologies

$10.63

-0.66 (-5.85%)

16:20
09/17/19
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16:20
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16:20
Initiation
Adesto Technologies initiated  »

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16:20
09/17/19
09/17
16:20
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16:20
General news
Treasury TIC data revealed a big pop in foreign demand for U.S. securities in July »

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PZZA

Papa John's

$52.00

-0.72 (-1.37%)

16:19
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16:19
Initiation
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  • 13

    Nov

ATRO

Astronics

$31.20

-0.06 (-0.19%)

16:19
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Astronics announces new $50M share repurchase program »

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