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8 S&P 500 Stocks Up More Than 100% In 2021
Wednesday, December 15, 2021 - 5:38pm | 687The year 2021 has featured retail trading-induced short squeezes, soaring special purpose acquisition companies (SPACs) and extreme volatility in cryptocurrency markets. Amid the many bouts of short-term mania, there are a handful of stocks in the S&P 500 Index that...
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What A Victoria's Secret Spinoff Could Mean For L Brands Shareholders
Tuesday, May 11, 2021 - 11:48am | 545A leading retailer of home, fragrance and women’s lingerie and beauty products has announced a spinoff intended to unlock shareholder value. Here’s what investors should know about the spinoff of the Victoria’s Secret business from L Brands (NYSE: LB). What Happened: L Brands...
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KeyBanc, Credit Suisse Raise L Brands Price Targets After Retailer's Q2 Report
Friday, August 21, 2020 - 12:15pm | 592Victoria's Secret and Bath & Body Works parent company L Brands Inc (NYSE: LB) reported Wednesday with second-quarter results that prompted two analysts to lift their price targets higher. The L Brands Analysts: Credit Suisse analyst Michael Binetti maintained a Neutral...
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L Brands Has Value Without Victoria's Secret Deal, BMO Says In Upgrade
Tuesday, May 5, 2020 - 10:51am | 411Shares of L Brands Inc (NYSE: LB) Monday tumbled in after-hours trading on news of Sycamore Partners LLC terminating its agreement to acquire a majority stake in Victoria’s Secret. Once the noise related to the deal dies down, the focus will be on the company’s underlying fundamental...
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L Brands Analyst Shifts From Bear To Bull, Says 'Change Is Afoot'
Thursday, January 23, 2020 - 10:26am | 317L Brands Inc (NYSE: LB) has notable upside potential and there are two paths to unlocking value, according to Barclays. The Analyst Adrienne Yih upgraded L Brands from Underweight to Overweight with a price target lifted from $15 to $30. The Thesis L Brands could move higher if one of two scenarios...
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L Brands Has A 'Path To Value Creation' By Shedding Victoria's Secret, KeyBanc Says
Tuesday, January 21, 2020 - 1:11pm | 410Victoria's Secret parent company L Brands Inc (NYSE: LB) has a "path to value creation" by selling its fashion business to better focus on its Bath & Body Works unit, according to KeyBanc Capital Markets. The Analyst Edward Yruma upgraded L Brands from Sector Weight to Overweight...
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L Brands Analyst Day Has Wall Street Playing Wait-And-See On Victoria's Secret Turnaround
Wednesday, September 11, 2019 - 4:30pm | 758L Brands Inc (NYSE: LB) hosted an analyst day this week, and much of the focus was on the embattled Victoria’s Secret brand. The company provided a longer-term goal for the brand to achieve 10-15% operating margins. BofA Stays Sidelined The margin goal is unrealistic given changes in...
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Goldman Sachs Out Bullish On L Brands, Takes Neutral Stance On Gap
Friday, October 26, 2018 - 2:44pm | 502Goldman Sachs initiated coverage of two retail brands this week. The Analyst Goldman Sachs analyst Alexandra Walvis initiated coverage of L Brands Inc (NYSE: LB) with a Buy rating and $36 price target. The analyst also initiated coverage of Gap Inc (NYSE: GPS) with a...
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Citi Upgrades L Brands, Says Victoria's Secret Parent Company Is Undervalued
Monday, May 14, 2018 - 2:31pm | 446Victoria's Secret and Bath & Body Works parent company L Brands Inc (NYSE: LB) was upgraded by Citi on Monday, with an analyst saying the market's valuation of the retailer is overly bearish. The Analyst Citi's Paul Lejuez upgraded L Brands from Neutral to Buy and...
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Investors May Have To Wait Further For L Brands Recovery
Thursday, March 1, 2018 - 5:57pm | 291Disappointing 2018 guidance means a rough start to the year for L Brands Inc (NYSE: LB), according to Bank of America Merrill Lynch. The Analyst BofA's Lorraine Hutchinson maintained an Underperform rating on L Brands with a $38 price target. The Thesis L Brands’ fiscal 2018...
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9% Downside Seen In L Brands As New Merchandise Struggles To Gain Fans
Thursday, October 26, 2017 - 11:41am | 425Buckingham Research downgraded shares of L Brands Inc (NYSE: LB) from Buy to Neutral and lowered its price target from $43 to $40, with the revised target representing roughly 9-percent downside from current levels. The rationale for the action? The firm said its near-term concern is based on...
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L Brands: 4 Reasons For Concern
Thursday, August 17, 2017 - 12:29pm | 334L Brands Inc (NYSE: LB) shares hit a new 52-week low, dropping more than 10 percent Thursday after cutting its FY17 EPS outlook, despite delivering a second-quarter earnings beat. The specialty retailer also expects to third quarter earnings to come in below consensus estimates, 25–30 cents...
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Is It Time To Buy The Dip In L Brands?
Thursday, August 17, 2017 - 10:55am | 472L Brands Inc (NYSE: LB) was hammered Thursday after the company disappointed investors with its second-quarter earnings report. Not everyone on Wall Street was disappointed by what they saw from the company, however. MKM Partners analyst Nehal Chokshi says investors should be jumping on the...
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L Brands: Will It Have An Urban Outfitters Or Dick's Quarter?
Wednesday, August 16, 2017 - 2:22pm | 655L Brands Inc (NYSE: LB) is scheduled to release its second-quarter results after the market close Wednesday. Analysts, on average, expect the company to report earnings of 42 cents on revenues of $2.75 billion. Stung by the negative sentiment toward the sector, the stock has been on a wane since...
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The L Brands Story Stays Uncertain
Friday, February 24, 2017 - 11:45am | 382L Brands Inc (NYSE: LB)'s February sales and first-quarter 2017 guidance came in significantly below expectations. The tough start to the first quarter “adds additional uncertainty to LB story,” Wedbush’s Morry Brown said in a report. He maintained a Neutral rating on the company...