L Brands (LB) Dec. Comps Rose 8%
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MKM Partners Reiterates Buy on L Brands (LB) Following a Strong December
January 7, 2016 1:33 PM ESTMKM Partners reiterated a Buy rating and $109.00 price target on L Brands (NYSE: LB) following a strong December. LB's December comp of 8% represents a 4 pt. acceleration on a three-year basis. The semi-annual sale was said to add 2 points to the December comp. However, January is expected to benefit from a sport event launching today which is expected... More
