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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
