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MKM Acknowledges Being Late To The L Brands Party, Upgrades Stock
Tuesday, August 25, 2020 - 2:18pm | 347MKM analysts acknowledged being late to recommend L Brands Inc (NYSE: LB) stock as a prior headwind has now eased. The L Brands Analyst: Roxanne Meyer upgraded L Brands from Neutral to Buy with a price target lifted from $22 to $40. The L Brands Thesis: MKM's prior neutral-stance on...
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L Brands Trades Up 30% On Victoria's Secret Update
Wednesday, July 29, 2020 - 2:10pm | 435L Brands Inc (NYSE: LB) reported a strategic review and business update that prompted JPMorgan to double upgrade the stock. The company announced it sees $400 million annualized cost reductions through a profit improvement plan for Victoria's Secret. The company also announced it has...
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Wells Fargo Turns Bullish On L Brands, Names 5 Turnaround Ideas
Monday, November 12, 2018 - 12:25pm | 479L Brands Inc (NYSE: LB) shares traded near the $100 per share level in late 2015 and early 2016, but have since fallen around 65 percent due to multiple execution missteps, according to Wells Fargo. Yet the bullish case for the parent company of Victoria's Secret can now be made for four key...
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Morgan Stanley: The Bull Case For L Brands In 2018
Thursday, December 14, 2017 - 4:16pm | 378For most of 2017 investors were left wondering if L Brands Inc (NYSE: LB)'s woes were company-specific or industrywide. As 2018 approaches, one Wall Street analyst said the debate will be settled soon. The Analyst Morgan Stanley's Kimberly Greenberger maintains an Overweight rating on L...
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Victoria's Secret Turnaround Bodes Well For L Brands, Despite Retail Woes
Tuesday, September 26, 2017 - 3:46pm | 383Analysts at Atlantic Equities turned bullish on L Brands Inc (NYSE: LB) after conducting on the ground checks at stores. The firm's Daniela Nedialkova upgrades L Brands' stock rating from Neutral to Overweight with a $56 price target. While visiting Victoria's Secret stores the analyst found...
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Victoria's Secret Issues Are 'Self-Inflicted,' But L Brands Can Bounce Back
Tuesday, September 12, 2017 - 2:18pm | 332Analysts at Bernstein began covering U.S. softline and specialty retail group Monday, holding an overall bullish outlook on apparel. Among the multiple companies the firm's Jamie Merriman began covering is L Brands Inc (NYSE: LB), the parent company of Victoria's Secret and Bath & Body Works....
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Victoria's Secret's Panty Product Performance Goes Negative For First Time Since The Recession
Monday, August 28, 2017 - 4:06pm | 405Analysts at Jefferies discovered an un-sexy trend in L Brands Inc (NYSE: LB) that could hurt the stock. The firm's Randal Konik maintains an Underperform rating on L Brands' stock with an unchanged $30 price target after sales of panties declined for the first time in a "LONG time." During the...
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L Brands Is A 'Show Me' Story Now
Friday, August 18, 2017 - 10:16am | 463Shares of L Brands Inc (NYSE: LB) dipped lower Thursday in reaction to its earnings report and the stock continues to flirt with its multi-year low of $35.00 per share. But some analysts continue to expect the bullish story to play out in the bottom half of 2017. Buckingham Research Group's...
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Hitting The Racks And Collecting Empty Hangers: What's Going On In Retail Sales?
Thursday, July 6, 2017 - 3:16pm | 675The retail sector is being closely watched Thursday as a handful of companies reported their sales metrics. Here is a recap of some of the notable companies who updated investors with their performance. L Brands Shares of L Brands Inc (NYSE: LB) lost more than 11 percent Thursday morning. The...