L Brands (LB) May Comps Decline 7%
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Cowen Reiterates Outperform on L Brands (LB) Following May Comps
June 1, 2017 1:43 PM EDTCowen reiterated an Outperform rating and $54.00 price target on L Brands (NYSE: LB) following May comps. May comps for LB came in -7% compared to management's guidance of -M-HSD%. VS was -14% and BBW was +6% vs. the Street at +4.1%.
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