L Brands (LB) June Comps Fall 9%

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L Brands (LB) PT Lowered to $48 at Instinet; 'Comp Miss Questions VS Insularity from Mall'

July 7, 2017 6:26 AM EDT

Instinet lowered its price target on L Brands (NYSE: LB) to $48.00 (from $49.00) while maintaining a Neutral rating, following the company's June comp miss.

Analyst Simeon Siegel notes a negatively outlook citing retail concerns across the group, as the company announced a June... More