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Epstein File EFTA02665400: L Brands (DS11)

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This is a brief financial communication about L Brands, recommending a 'SELL' rating for the company. The document suggests there are ongoing margin pressures and indicates potential further stock price decline, with a price target of $29 representing approximately 15% additional downside.

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Subject: ML on L Brands.. L BRANDS: SELL. MARGIN PRESSURES TO CONTINUE. PO TO $29 = =NOTHER 15% DOWNSIDE.

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