L Brands (LB) Tops Q1 EPS by 4c; Cuts FY16 EPS Outlook, Guides Q2 EPS Below Views

Wedbush Cuts Price Target on L Brands (LB) to $65 Following Guidance Update

Wedbush maintained a Neutral rating on L Brands (NYSE: LB), and cut the price target to $65.00 (from $72.00), following the company's 1Q and guidance update. 2Q16 guidance was pegged at $0.50-$0.60, below consensus of $0.63. FY16 guidance was reduced to $3.60-$3.80 from $3.90-$4.10.

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Mizuho Securities Cuts Price Target on L Brands (LB) Following 2Q Guide

Mizuho Securities maintained a Buy rating on L Brands (NYSE: LB), and cut the price target to $75.00 (from $110.00), following the company's 1Q earnings report. LB reported EPS of $0.59, above consensus $0.55 estimate, on already reported comps of +3%. However, with weak May trends thus far, management lowered... More

UBS Cuts Price Target on L Brands (LB) to $68 Following 1Q EPS Beat

UBS maintained a Neutral rating on L Brands (NYSE: LB), and cut the price target to $68.00 (from $74.00), following the company's 1Q earnings report. LB reported EPS of $0.59, coming in ahead of the Street's $0.55 estimate. However, management lowered '16 guidance to $3.60-3.80 from $3.90-4.10.

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Piper Jaffray Cuts Price Target on L Brands (LB) as Guidance Shows Softening Trends

Piper Jaffray reiterated an Underweight rating on L Brands (NYSE: LB), and cut the price target to $47.00 (from $65.00), following the company's 1Q earnings report. Although the company reported stronger than expected results, with EPS of $0.59 (ahead of guidance for the "high end of $0.50 to $0.55), guidance shows a continued softening trend at Victoria's Secret. For FQ2, EPS guidance of $0.50 to... More

Baird Downgrades L Brands (LB) to Neutral

Baird downgraded L Brands (NYSE: LB) from Outperform to Neutral with a price target of $66.00 (from $84.00).

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Shares of L Brands closed at $63.78 yesterday.

L Brands (LB) May call volatility elevated at 61 into Q1 and outlook

L Brands (NYSE: LB) May call option implied volatility is at 61, June is at 32; compared to its 52-week range of 18 to 40 into the expected release of Q1 results today.

L Brands (LB) May call volatility elevated into Q1 and outlook

L Brands (NYSE: LB) May call option implied volatility is at 54, June is at 34; compared to its 52-week range of 17 to 39, into the expected release of Q1 results on May 18.