Put Buying Activity in L Brands (LB) Targets Downside in Shares Through July -Susquehanna
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Go back to Put Buying Activity in L Brands (LB) Targets Downside in Shares Through July -Susquehanna
June 10, 2020 10:48 AM EDT
By Jessica DiNapoli
(Reuters) - Simon Property Group Inc (NYSE: SPG), the biggest U.S. mall operator, said on Wednesday it was ending its $3.6-billion deal to buy Taubman Centers Inc (NYSE: TCO), citing the beating the retail sector has taken during the COVID-19 pandemic.
Simon Property said that the coronavirus outbreak "disproportionately hurt" Taubman's malls because they are located in densely... More
June 9, 2020 8:30 AM EDT
BofA Securities analyst Lorraine Hutchinson reiterated a Buy rating and $25.00 price target on L Brands (NYSE: LB), citing its inexpensive valuation, unexpectedly positive reopening trends at Bath and Body Works, a near term catalyst in monetizing Victoria's Secret, and proactive steps taken to overhaul... More
June 8, 2020 5:20 AM EDT
(Updated - June 8, 2020 8:56 AM EDT)
(updated to add analyst comments)
KeyBanc analyst Edward Yruma raised the price target on L Brands (NYSE: LB) to $25.00 (from $21.00) while maintaining an Overweight rating, citing a recent call in which reopening of BBW was... More
