L Brands Reports June 2016 Sales
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FBR Capital Raises Price target on L Brands (LB) Following June Sales Report
July 8, 2016 9:57 AM EDTFBR Capital reiterated a Market Perform rating on L Brands (NYSE: LB), and raised the price target to $68.00 (from $63.00), following the company's June sales report. LB reported total June SSS of +6%, above consensus of +1.9% and guidance of +LSD. VS comps increased +6%, above consensus estimates of +1%. VS comps were driven by PINK and the semiannual sale and were... More
Nomura Securities Remains Sidelined on L Brands (LB) - PT to $60
July 8, 2016 7:50 AM EDTNomura Securities reiterated a Neutral rating on L Brands (NYSE: LB), and raised the price target to $60.00 (from $58.00). Although VS has been reducing its direct mail coupons since April, June did not actually lap any meaningful mailers due to last years semi-annual sale. All... More
Stifel Reiterates Buy as L Brands (LB) Comes under Pressure
July 7, 2016 1:23 PM EDTStifel reiterated a Buy rating and $75.00 price target on L Brands (NYSE: LB) as the stock comes under pressure due to investor concerns. The concerns center around increased markdowns. However, Stifel believes that prudent expense management and better than planned expense leverage due to... More
MKM Partners Remains Neutral on L Brands (LB) Following June Sales Release
July 7, 2016 10:50 AM EDTMKM Partners reiterated a Neutral rating and $60.00 price target on L Brands (NYSE: LB) following the company's June sales release. LB reported a comp beat at 6%, ahead of the street's expectations of 1.9%. However, despite the comp beat, inventory remains slightly elevated, which could mean that July will be slightly more promotional.
Analyst Roxanne Meyer... More
