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LB

L Brands

$18.81

0.92 (5.14%)

08:15
09/11/19
09/11
08:15
09/11/19
08:15

L Brands price target lowered to $21 from $26 at MKM Partners

MKM Partners analyst Roxanne Meyer lowered her price target on L Brand to $21 and kept her Neutral rating after its Analyst Day, saying that the event did not focus on the company's holiday plans and visibility in its recovery remains low. The analyst is especially concerned about the visibility of business trajectory at Victoria's Secret, since its product changes are in the early innings and trends for August appear to have worsened. Meyer does acknowledge that the introduction of new leadership at VS and PINK gave the Street some "long-awaited insight" on the company's strategies to improve performance, but she also believes that the near-to-medium term product and marketing initiatives are not enough to move the needle on the stock.

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LB L Brands
$18.81

0.92 (5.14%)

08/23/19
LOOP
08/23/19
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 to $15 and kept her Sell rating after its Q2 results and below-consensus earnings guidance for Q3. The analyst notes that while the company affirmed its FY19 EPS guidance, she sees a "significant risk" to its ability to achieve that forecast without a "pronounced recovery" in its Victoria's Secret business. Champine adds that L Brands management sees low-single digit positive comps this year, but believes that SSS for FY19 will come in flat as profitability of Victoria's Secret continues to "plummet".
08/23/19
DADA
08/23/19
NO CHANGE
Target $20
DADA
Neutral
L Brands price target lowered to $20 from $26 at DA Davidson
DA Davidson analyst John Morris lowered his price target on L Brands to $20 and kept his Neutral rating, saying that while the company posted a 4c earnings beat in Q2, it was driven by a lower tax rate. The analyst notes that the comps and gross margins were also lower than he expected, which underscores his view of 2019 being a "transition year" for L Brands' Victoria's Secret line. Morris adds that the management has acknowledged a higher degree of uncertainty around the pacing of the turnaround for the segment, but he also looks forward to see any evidence of changes in VS marketing and product initiatives starting with the Fall and Holiday floorsets.
08/23/19
08/23/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HP Inc. (HPQ) downgraded In Line at Evercore ISI. 2. Macy's (M) downgraded to Neutral from Buy at Guggenheim. 3. L Brands (LB) downgraded to Sector Perform from Outperform at RBC Capital with analyst Kate Fitzsimons saying she 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. 4. Triumph Group (TGI) downgraded to Underweight from Equal Weight at Barclays with analyst David Strauss saying he doesn't foresee meaningful free cash flow over the next several years, estimating annual free cash flow well below $100M through FY22. 5. Pool Corp. (POOL) downgraded to Neutral from Buy at Sidoti with analyst Anthony Lebiedzinski saying he sees limited upside to his $215 price target following the stock's 30% advance over the past 12 months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/09/19
JEFF
09/09/19
NO CHANGE
Target $14
JEFF
Underperform
Jefferies keeps sell call on L Brands with candle prices plateauing
Jefferies analyst Randal Konik says his five-plus years of candle promotion data at Bath & Body Works show that candle prices are plateauing, and pricing gains, which he notes have been supporting the comp, are waning. This is key because candles have likely driven disproportionate revenue growth, Konik tells investors in a research note. With the data showing L Brands' candle strength and comp benefit has "passed peak," Bath & Body Works' fundamentals "will begin to falter," contends the analyst. Konik, who also believes Victoria's Secret and PINK "are broken," continues to recommend selling shares of L Brands with an Underperform rating and $14 price target.

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RealReal

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CVS

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CAH

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MCK

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MYL

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AMRX

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ABT

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MNK

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ENDP

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DDAIF

Daimler AG

$0.00

(0.00%)

, FCAU

Fiat Chrysler

$13.52

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FCAU

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F

Ford

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GM

General Motors

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HMC

Honda

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NSANY

Nissan

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TSLA

Tesla

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TM

Toyota

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VWAGY

Volkswagen

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FB

Facebook

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AGU

Agrium

$0.00

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ANDE

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ADM

Archer Daniels

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BG

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CF

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CMP

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IPI

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POT

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UPS

UPS

$120.71

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DIS

Disney

$132.18

-1.14 (-0.86%)

, T

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$37.92

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Disney

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AT&T

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BA

Boeing

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MCF

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$1.71

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GLD

SPDR Gold Shares

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VXRT

Vaxart

$0.58

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AAPL

Apple

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IIVI

II-VI

$39.05

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, CPE

Callon Petroleum

$4.53

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IIVI

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CPE

Callon Petroleum

$4.53

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PSMT

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FNSR

Finisar

$24.31

1.25 (5.42%)

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

, JEF

Jefferies Financial Group

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NVR to replace Jefferies Financial Group in the S&P 500 at open on September 26 »

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NVR

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JEF

Jefferies Financial Group

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SPB

Spectrum Brands

$49.66

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NOC

Northrop Grumman

$368.25

-7.45 (-1.98%)

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

, FNSR

Finisar

$24.31

1.25 (5.42%)

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PSMT

PriceSmart

$60.29

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FNSR

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1.25 (5.42%)

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IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

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$4.53

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

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NHYDY

Norsk Hydro

$0.00

(0.00%)

17:12
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Norsk Hydro discloses federal court in Brazil lifts embargo on Alunortes »

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RESN

Resonant

$3.05

0.02 (0.66%)

17:03
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Conference/Events
Resonant participates in a conference call with Loop Capital »

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NINE

Nine Energy Services

$6.73

-0.33 (-4.67%)

17:02
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ATOM

Atomera

$3.70

0.17 (4.82%)

17:00
09/20/19
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Conference/Events
Atomera participates in a conference call with Loop Capital »

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MPWR

Monolithic Power

$154.21

-2 (-1.28%)

16:50
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09/20
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16:50
Conference/Events
Monolithic Power participates in a conference call with Loop Capital »

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