L Brands Closes Senior Notes Offering

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Oppenheimer Remains Sidelined on L Brands (LB) After Meeting with IR

June 20, 2016 10:06 AM EDT

Oppenheimer reiterated a Perform rating and $75.00 price target on L Brands (NYSE: LB) after hosting meetings with management. Performance in VS lingerie has been inconsistent, driven by bras. Oppenheimer thinks execution got stale, with over-reliance on re-launces of same franchises.

Analyst Anna Andreeva... More