L Brands, Inc. (LB) News
Filter LB News Items
LB News Results
|Event/Time||Symbol||Company||News Detail||Start||End||Change||POWR Rating|
|Loading, please wait...|
Latest LB News From Around the Web
Below are the latest news stories about L Brands Inc that investors may wish to consider to help them evaluate LB as an investment opportunity.
Here are the biggest calls on Wall Street on Thursday
JPMorgan analyst Matthew Boss raised L Brands' (LB) stock rating to Buy from Hold on Wednesday, after the company provided a separation update related to Victoria’s Secret and Bath & Body Works. Boss also lifted his price target to $32 (23.6% upside potential) from $14.Shares are down 2.4% in Thursday's pre-market trading after jumping 35.4% to $6.76 on Wednesday.On July 28, L Brands divided Victoria’s Secret and Bath & Body Works into two independent companies. In addition, L Brands said it expects Bath & Body Works 2Q sales to rise by a preliminary 10% and Victoria’s Secret sales to fall by 40%.Boss believes that the Bath & Body Works division represents the “best current [comparison] story” in brick-and-mortar retail. He further added in a commentary cited by Bloomberg that B...
Upgrades * For Waddell & Reed Financial Inc (NYSE: WDR), Citigroup upgraded the previous rating of Sell to the current rating Neutral. For the second quarter, Waddell & Reed Financial had an EPS of $0.38, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $18.33 and a 52-week-low of $9.87. Waddell & Reed Financial closed at $14.84 at the end of the last trading period. * Citigroup upgraded the previous rating for American Eagle Outfitters Inc (NYSE: AEO) from Neutral to Buy. In the first quarter, American Eagle Outfitters showed an EPS of ($0.84), compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $18.07 and a 52-week-low of $6.54. At the end of the last trading period, American Eagle Outfitters closed at $10.65. * For...
L Brands ([[LB]] +34.0%) is the highest gainer in the apparel sector after forecasting sales above Q2 estimates, announcing a workforce reduction and landing an upgrade from JPMorgan. JP moves to an Overweight rating from Neutral on its view that the risk-reward profile is hard to ignore with cost saving...
Here are the biggest calls on Wall Street on Wednesday
Stocks that moved heavily or traded substantially on Wednesday: AMD, L Brands rise; Boeing, Six Flags fall
L 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 reopened most Bath & Body Works and Victoria's Secret stores in North America. The L Brands Analyst: Matthew Boss upgraded L Brands from Neutral to Overweight with a price target lifted from $14 to $32. The L Brands Thesis: L Brands said second-quarter total consolidated sales were down 20% while Victoria's Secret sales were down 40%, Boss wrote in the note. However, Bath & Body Works sales were up 10%, an impressive performance as around half of all stores was closed … Full story available on Benzinga.com
The S&P 500 Index (SPX) started the day in the positive territory on Wednesday and preserved its bullish momentum ahead of the Federal Reserve's polic
The stock market gainers Wednesday with shares rising is Kodak stock, L Brands stock, CoStar Group stock, AMD stock and Penn National Gaming stock
L Brands (LB +34.0%) is the highest gainer in the apparel sector after forecasting sales above Q2 estimates, announcing a workforce reduction and landing a