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Wells Fargo says investor sentiment across the retail space has become much more challenged in recent weeks even with some material beats across the sector.The firm thinks the near-term setup has become more difficult to navigate, but it remains bullish on the U.S. consumer even as it looks t...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Editor’s Note: This article is regularly updated to bring you relevant, up-to-date information. Earnings season rolls on and, so far, results from multiple earnings reports have been exceptionally strong. Compani...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Is it transitory?Get ready for some early action this morning as the consumer price index for April is published at 8:30 a.m. ET. The figure is expected to...
L Brands (NYSE: LB) announced Tuesday it will spin off its Victoria's Secret brand into a stand-alone business. The New York Times reports Victoria's Secret just didn't hold much allure with potential buyers who refused to pony up for the retailer, perhaps similar to h...
L Brands Inc. (NYSE: LB) cancelled its plans of selling Victoria’s Secret as its Board of Directors authorised splitting the company on Tuesday into two independent, publicly traded companies, Victoria’s Secret and Bath & Body Works. L Brands shares were a litt...
– COMPANY PLANS TAX-FREE SPIN-OFF OF VICTORIA’S SECRET TO L BRANDS SHAREHOLDERS – – SEPARATION TO CREATE ENHANCED PROSPECTS FOR LONG-TERM VALUE CREATION – – TRANSACTION EXPECTED TO BE COMPLETED IN AUGUST 2021 – ...
L Brands (LB) dropped 1.9% in premarket trading on a report that the retailer has decided to spin off its Victoria's Secret brand rather than sell it.L Brands received several offers for Victoria's Secret about $3B, though the company rejected them as it was looking for $5B to...
Are These Retail Stocks Worth Investing In Now? While tech stocks may be off to a rough start in the stock market this week, investors may want to consider turning their attention to retail stocks . Why? Well, for starters, we will be getting a closer look at retail sales fi...
Support from the CARES Act and an increased digital presence over the past year have helped many retail companies survive the COVID-19 pandemic. And, as pandemic restrictions ease, job growth and direct recovery checks are likely to increase consumer spending over the coming months and help r...
Apparel stocks are roaring back to life as the return of employees to the office and increase in social gatherings has consumers refreshing their wardrobe.A survey conducted by Jefferies saw 23% of U.S. respondents name clothing and accessories as a priority for discretionary spending to trai...
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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...