UPDATE: Jefferies Raises PT on L Brands Following Mixed Sales Numbers

In a report published Friday, Jefferies analyst Randal J. Konik reiterated an Underperform rating on L Brands (NYSE: LTD ), and raised the price target from $40.00 to $45.00. In the report, Jefferies noted, “July sales numbers came in very mixed, with notable weakness across the teen space. A sharp