UPDATE: MKM Partners Downgrades L Brands (LB) to Neutral
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Wedbush Cuts Price Target on L Brands (LB) to $65 Following Guidance Update
May 20, 2016 7:58 AM EDTWedbush 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.
Analyst... More
Mizuho Securities Cuts Price Target on L Brands (LB) Following 2Q Guide
May 19, 2016 1:58 PM EDTMizuho 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
May 19, 2016 9:25 AM EDTUBS 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.
Analyst... More
Piper Jaffray Cuts Price Target on L Brands (LB) as Guidance Shows Softening Trends
May 19, 2016 8:18 AM EDTPiper 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
May 19, 2016 6:53 AM EDTBaird downgraded L Brands (NYSE: LB) from Outperform to Neutral with a price target of $66.00 (from $84.00).
For an analyst ratings summary and ratings history on L Brands click here. For more ratings news on L Brands click here.
Shares of L Brands closed at $63.78 yesterday.
... MoreL Brands (LB) Tops Q1 EPS by 4c; Cuts FY16 EPS Outlook, Guides Q2 EPS Below Views
May 18, 2016 4:31 PM EDTL Brands (NYSE: LB) reported Q1 EPS of $0.59, $0.04 better than the analyst estimate of $0.55. Revenue for the quarter came in at $2.61 billion versus the consensus estimate of $2.62 billion.
GUIDANCE:
L Brands sees Q2 2016 EPS of $0.50 - $0.60, versus the consensus of... More
