Analysts Cut L Brands’ Price Target after 2Q Results
The guidance cut by L Brands’ (LB) management along with the 2Q 2018 results on August 22 resulted in target price cuts from Wall Street. Some of the analysts that cut their target price for LB were as follows: Jefferies: from $23 to $20 Credit Suisse: from $35 to $31 Keyblanc: from $28 to $25 Cowen and Company: from $30 to $25 B. Riley: from $49 to $44 J.P. Morgan: from $28 to $26