Cowen Affirms L Brands (LB) at 'Outperform' Following Solid Sept. Comps
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Mizuho Securities Reiterates Buy on L Brands (LB) Following September Comp Report
October 6, 2016 1:53 PM EDTMizuho Securities reiterated a Buy rating and $85.00 price target on L Brands (NYSE: LB) following the company's September comp report. LB reported Sept comps of +3% vs. +9% LY, above consensus 0%. Inventory was clean exiting the month, up +2% psf, and in-line with guidance for +L-MSD at... More
Cowen Reiterates Buy on L Brands (LB) Following September Comp Report
October 6, 2016 9:30 AM EDTCowen reiterated an Outperform rating and $83.00 price target on L Brands (NYSE: LB) following the company's September Comp report. September comps at LB came in above the Street, at +3% vs. Street at 0.0%. Store comps were +1%. Inventories are up +2%/ft vs. LY.
Analyst Oliver Chen commented,... More
L Brands (LB) Comps Rose 3% in Sept. 2016; Sales up 6%
October 6, 2016 7:16 AM EDTL Brands, Inc. (NYSE: LB) reported net sales of $971.4 million for the five weeks ended Oct. 1, 2016, an increase of 6 percent, compared to net sales of $919.9 million for the five weeks ended Oct. 3, 2015. Comparable sales increased 3 percent for the five weeks ended Oct. 1, 2016.
The... More
