L Brands (LB) PT Lowered to $59 at Bernstein
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Price: $63.93 +2.58%
Rating Summary:
21 Buy, 21 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Rating Summary:
21 Buy, 21 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
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Bernstein lowered its price target on L Brands (NYSE: LB) to $59.00 (from $69.00) while maintaining a Outperform rating.
Analyst Jamie Merriman comments "We remain encouraged by the mix shift that remains ongoing at Victoria's Secret, as we believe AUR improvement and a shift to constructed bras should provide some room for reinvestment in promotion where necessary."
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Sanford C. Bernstein, Merriman Curhan FordSign up for StreetInsider Free!
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