L Brands Inc. (LB) August Comps Rose 5%
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Stifel Comments on L Brands (LB) Following Aug. Sales Numbers; Reaffirms 'Buy' Rating
September 4, 2014 9:55 AM EDTStifel maintains L Brands (NYSE: LB) at Buy with a price target of $72 following issuance of August sales numbers.
Analyst Richard Jaffe offered the following key points:Given the comp beat vs. the Streets expectation, we believe the stock will be up on the news.
While we anticipated that there would be near term sales and earnings pressure resulting from the exiting... More
