L Brands (LB) Reports In-Line Q2 EPS; Issues Light Q3 EPS Outlook
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Wedbush Raises Price Target on L Brands (LB) Following 2Q15 Earnings
August 21, 2015 8:26 AM EDTWedbush reiterated a Neutral rating on L Brands (NYSE: LB), and raised the price target to $91.00 (from $89.00), following the company's 2Q15 earnings results. LB reported 2Q15 EPS of $0.68, in line with consensus. Management raised 2015 EPS guidance to $3.58-$3.73 from $3.50-$3.70, placing consensus... More
Mizuho Securities Cuts Price Target on L Brands (LB) Reflecting a Multiple Contraction in the Retail Space Following 2Q
August 20, 2015 1:18 PM EDTMizuho Securities maintained a Buy rating on L Brands (NYSE: LB), and cut the price target to $100.00 (from $108.00), reflecting a multiple contraction in the retail space following 2Q. 2Q EPS of $0.68 vs. $0.63 LY was in-line with consensus $0.68. LB guides 3Q EPS of $0.40-0.45. Analyst Betty... More
Stifel Affirms L Brands (LB) at 'Hold'; Q3 Outlook Like, May be Case of 'Under Promise, Over Deliver'
August 20, 2015 12:00 PM EDTStifel affirms L Brands (NYSE: LB) at Hold following the company's Q2 results, which were reported after markets closed Wednesday.
Analyst Richard Jaffe noted that EPS of $0.68 was flat with estimates even considering a $0.02 per share negative foreign currency impact. The analyst continued, Management... More
UBS Cuts Price Target on L Brands (LB) to $100 Following 2Q In-Line EPS
August 20, 2015 9:09 AM EDTUBS maintained a Buy rating on L Brands (NYSE: LB), and cut the price target to $100.00 (from $106.00), following the company's 2Q15 earnings results. LB reported EPS of $0.68 comming in at the high-end of recently raised guidance of $0.66-0.68, and in-line with Street's $0.68. Analyst Michael Binetti continues to view LB as a consistent, long-term EPS delivery story with multiple topline and margin expansion opportunities.
Binetti commented, "There have been some recent concerns... More
Cowen Remains Bullish on L Brands (LB) Following 2Q Earnings
August 20, 2015 8:40 AM EDTCowen maintained an Outperform rating and $100.00 price target on L Brands (NYSE: LB) following the company's 2Q15 earnings report. LB reported EPS of $0.68, in line the Street estimates, and versus mgmt's guidance of $0.66-$0.68. Management raised their outlook for 2015 EPS to be in the... More
