L Brands Reports Second Quarter Earnings
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L Brands (LB) PT Lowered to $40 at Cowen; Reiterates Outperform
August 18, 2017 8:35 AM EDTCowen lowered its price target on L Brands (NYSE: LB) to $40.00 (from $49.00) while maintaining a Outperform rating. Analyst Oliver Chen are cautiously optimistic that LB can achieve their guidance for FY17.
EPS outlook lowered ~5% to $3.00-3.10 (vs. prior $3.10-3.40). Traffic remains a... More
UPDATE: L Brands (LB) Tops Q2 EPS by 4c, FY & Q3 EPS Guidance Misses Views
August 16, 2017 4:30 PM EDT(Updated - August 16, 2017 4:34 PM EDT)
L Brands (NYSE: LB) reported Q2 EPS of $0.48, $0.04 better than the analyst estimate of $0.44. Revenue for the quarter came in at $2.76 billion versus the consensus estimate of $2.75 billion.
The company reported a comparable sales decrease of 8... More