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L Brands +4% after Barclays joins the bull camp

Jan. 23, 2020 7:28 AM ETBath & Body Works, Inc. (BBWI) StockBBWIBy: Clark Schultz, SA News Editor5 Comments
  • Shares of L Brands (NYSE:LB) track higher in early trading after Barclays bumps up the retailer two notches straight to an Overweight rating from Underweight.
  • Analyst Adrienne Yih and team see value with activist pressure on L Brands increasing the odds for a major structural change.
  • The firm assigns a new price target of $30 to rep 50% upside potential and stand above the average sell-side PT of $20.98.
  • KeyBanc turned positive on L Brands earlier this week.
  • LB +4.15% premarket to $20.81 vs. the 52-week trading range of $15.80 to $29.02.

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