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LB has been flying since the pandemic started. Victoria's Secret is still an anchor dragging down Bath & Body Works. But with beatable estimates and a reasonable valuation, the path of least resistance is higher. For further details see: I Was Wrong About L Brands
Bank of America points to upside value for L Brands (LB) in a fresh note this morning.The firm sees the potential monetization of the Victoria's Secret business and transition of Bath & Body Works to a standalone entity as an opportunity to create further value for investors."We expect Ba...
Driven by record results in its Bath & Body works segment and strong 2020 holiday sales, L Brands (LB) has been able to rebound from its pandemic-driven lows. This, along with the company’s cost-containment measures, should, we believe, help the stock keep advancing in the near ter...
JPMorgan is constructive on L Brands ([[LB]] +6.7%) after taking in the retailer's holiday sales update.The firm keeps LB set with an Overweight rating and raises its price target to $56 (7X the FY22 EBITDA estimate).JP's bull case: "The combination of (i) BBW high-single-digit sustainab...
L Brands (NYSE: LB), parent company to Victoria’s Secret and Bath & Body Works, announced its same-store sales throughout the holiday season rose 5% in comparison to the 3% fall it experienced the prior year. Amid the ongoing pandemic consumers found themselves stocking...
L Brands (LB) report sales of $3.836B for the nine weeks ended January 2.Comparable sales increased 5% for the period. The strong holiday performance was led by the Bath & Body Works business, which saw comparable sales jump 17%.The company also notes that the merchandise margin rate...
COLUMBUS, Ohio, Jan. 07, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) reported net sales of $3.836 billion for the nine weeks ended Jan. 2, 2021, compared to net sales of $3.906 billion for the nine weeks ended Jan. 4, 2020. Comparable sales increased 5 percent for the nine weeks ende...
Tesla topped both the S&P 500 and Nasdaq 100 benchmark indexes for 2020, while Apple aced the Dow Jones Industrials, according to MarketWatch.com.The S&P 500 (SPY) rose 16.3% in 2020, and these are the top 20 S&P stocks for the year: [[TSLA]] +743%, [[ETSY]] +302%, [[NVDA]] +122%,...
"Reversion to the mean" and "momentum" are polar opposite concepts in market lore, with acolytes in either congregation loudly pledging their allegiance. The truth is, as it were, always in the middle as the same stocks keeping making a list of the year's top winners and losers, be it in slot...
COLUMBUS, Ohio, Dec. 21, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) has announced several key leadership appointments at Bath & Body Works. Julie Rosen has joined the business as President, and Deon Riley will join the business at the end of December as Chief Human Resources Off...
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2024-07-24 12:15:02 ET Johnson Rice analyst issues BUY recommendation for LB on July 24, 2024 10:57AM ET. LB was trading at $28.95 at issue of the analyst recommendation. The overall analyst consensus : BUY. Current analyst recommendations are : 7 - Buy, 3 - Hold recomme...
2024-07-23 15:00:04 ET John Mackay from Goldman Sachs issued a price target of $35.00 for LB on 2024-07-23 12:30:00. The adjusted price target was set to $35.00. At the time of the announcement, LB was trading at $28.92. The overall price target consensus is at $58.83 wi...
2024-07-23 15:00:04 ET Mark Lear from Piper Sandler issued a price target of $30.00 for LB on 2024-07-23 12:30:00. The adjusted price target was set to $30.00. At the time of the announcement, LB was trading at $28.92. The overall price target consensus is at $58.83 with...