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Stock Market & Financial Investment News

News Breaks
June 9, 2014
07:55 EDTLBL Brands upgraded at Oppenheimer
As noted earlier, Oppenheimer upgraded L Brands to Perform from Underperform. The firm thinks the company's comp sales have been better than most of its peers, while its margins are healthy.
News For LB From The Last 14 Days
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February 8, 2016
10:00 EDTLBOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Amedisys (AMED) upgraded to Outperform from Perform at Oppenheimer... American Campus (ACC) upgraded to Buy at Canaccord... Beacon Roofing (BECN) upgraded to Strong Buy from Outperform at Raymond James... Big 5 Sporting (BGFV) upgraded on potential Sports Authority closures at Stifel... CenterState Banks (CSFL) upgraded to Outperform from Market Perform at Fig Partners... Cisco (CSCO) upgraded to Neutral from Underperform at Macquarie... Dollar Tree (DLTR) upgraded to Outperform from Market Perform at Telsey Advisory... Dow Chemical (DOW) upgraded to Positive from Neutral at Susquehanna... Essex Property Trust (ESS) upgraded to Buy from Neutral at Mizuho... Globant (GLOB) upgraded to Buy from Neutral at Citi... Kinross Gold (KGC) upgraded on valuation, higher gold price at BMO Capital... L Brands (LB) upgraded to Buy from Hold at Brean Capital... Marvell (MRVL) upgraded to Buy from Sell at B. Riley... Munich Re (MURGY) upgraded to Neutral from Underperform at Credit Suisse... OM Asset Management (OMAM) upgraded to Buy from Neutral at Citi... Orbital ATK (OA) upgraded to Overweight from Sector Weight at KeyBanc... SCANA (SCG) upgraded to Buy from Neutral at Mizuho... Sensient (SXT) upgraded to Buy from Hold at Gabelli... St. Jude Medical (STJ) upgraded to Hold from Sell at Canaccord... Suffolk Bancorp (SCNB) upgraded to Outperform from Market Perform at Fig Partners... Supernus (SUPN) upgraded to Buy from Hold at Jefferies... Ultimate Software (ULTI) upgraded to Outperform from Market Perform at FBR Capital... ZAGG (ZAGG) upgraded to Outperform from Market Perform at Northland... athenahealth (ATHN) upgraded to Buy from Hold at Topeka.
06:08 EDTLBL Brands upgraded to Buy from Hold at Brean Capital
Brean Capital analyst Liz Pierce upgraded L Brands to Buy saying the stock is oversold following January's comp miss. The analyst sees a buying opportunity and current share levels and has a $100 price target for the name.
February 4, 2016
14:53 EDTLBL Brands pullback a buying opportunity, says Morgan Stanley
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09:18 EDTLBOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Glu Mobile (GLUU), up 21.9%... Solaredge Technologies (SEDG), up 11.2%... Cadence Design (CDNS), up 6.6%. ALSO HIGHER: VirnetX Holding (VHC), up 91.7% after the company won a $625.6M verdict in favor of in a patent infringement lawsuit against Apple (AAPL)... Viacom (VIAB), up 5.1% after CNBC's David Faber reported that sources said CEO Philippe Dauman is likely to be named Chairman despite objections from Shari Redstone. DOWN AFTER EARNINGS: GoPro (GPRO), down 16.4%... ConocoPhillips (COP), down 2.9%... Dunkin Brands (DNKN), down 2.1%... Philip Morris (PM), down 3.2%. ALSO LOWER: L Brands (LB), down 3.3% after providing Q4 guidance, reporting January Same-Store Sales were down 2%... MannKind (MNKD), down 8.1% after Piper Jaffray analyst Joshua Schimmer calls the company a penny stock with a mid-cap valuation.
07:21 EDTLBL Brands reports January SSS down 2%
L Brands said net sales for the four-week period ended Jan. 30 were $811.3M, an increase of 4% from last year. Comparable store sales for the four weeks ended Jan. 30 decreased 2%. January sales results were negatively impacted by a timing shift in the Victoria's Secret semi-annual sale into December, the company said. Absent the estimated impact of this timing shift, total company comps would have increased 1% in January.
07:19 EDTLBL Brands boosts share repurchase program to $500M
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07:19 EDTLBL Brands raises annual dividend by 20%, declares special dividend of $2.00
L Brands is increasing its annual ordinary dividend by 20%, to $2.40 per share from $2.00 per share. In addition, the company announced a special dividend of $2.00 per share. The quarterly ordinary dividend of 60c per share and the $2.00 special dividend will be paid on March 4, to shareholders of record on Feb. 19. The company said, "We achieved our best year ever in 2015. I am very appreciative of the focus on our customers, the excellent execution and teamwork across the enterprise that drove this result. The dividend and share repurchase actions announced today reflect confidence in our growth opportunities and commitment to delivering shareholder value.:
07:17 EDTLBL Brands sees Q4 EPS about $2.05, consensus $2.00
Reports Q4 revenue $4.395B, consensus $4.37B. Comparable store sales for the Q4 ended Jan. 30, 2016, increased 6%.
January 29, 2016
17:02 EDTLBL Brands files automatic mixed securities shelf
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