L Brands Reports September 2017 Sales
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FBR Capital Remains Bullish on L Brands (LB) Following September SSS Report
October 5, 2017 8:18 AM EDTFBR Capital reiterated a Buy rating and $58.00 price target on L Brands (NYSE: LB) following the company's September SSS. LB reported September SSS of 2%, versus the consensus estimates of 2.9% and guidance of LSD.
September's merch margin decreased compared to LY, driven by... More
