BBW

L Brands Inc (NYSE: LB) reported a strategic review and business update that prompted JPMorgan to double upgrade the stock. The company announced it sees $400 million annualized cost reductions through a profit improvement plan for Victoria's Secret. The company also announced it has...

L Brands Inc (NYSE: LB)'s February sales and first-quarter 2017 guidance came in significantly below expectations. The tough start to the first quarter “adds additional uncertainty to LB story,” Wedbush’s Morry Brown said in a report. He maintained a Neutral rating on the company...