Limited Brands fell on the Friday session, and in a weird twist of events the stock fell due to expectations being reset by the sell side. Source: FreeStockCharts Of course, the stock also pulled back after pivoting from the 20-day Moving Average. The stock may exhibit slightly more downside, which makes it prone for some intraday trading. Here’s what was mentioned in a UBS report that was released on Friday, February 26th 2016:Our new $4.20 EPS estimate for 2016 is based on: 1) SSS (stores+digital): +4.3%; 2) -20bp of GM compression; 3) 10bp of favorable YOY SG&A leverage; 4) a 37% tax rate; and 5) 292m shares. Our 1Q16 EPS of $0.60 is based on: 1) SSS (stores + digital): + 4.7%; 2) GM –35bp YOY; 3) 50bp of unfavorable SG&A deleverage; 4) 37% tax rate; and 5) 292.3m shares. Valuation: Trimming Our Price Target to $101 from $110; Maintain Buy Our new $101 price target is based on 21x our '17E EPS of $4.72 (+12.6% YOY). – UBS, Michael Binetti Generally speaking, LB’s growth rate is rather spectacular when compared to other soft line names. But even a modest reduction to growth rate assumptions is enough to materially affect value assumptions. As such, some investors may see this as an opportunity to lighten positions in LB. However, I think the company is one of the better soft line retail plays, and even if SSS slows to 4.7% the quality of the franchise and conservatism of analysts implies that an earnings beat becomes a higher probability. As such, short-term traders can pile onto a slight dip in price that could impact the shares by a couple percentage points at best, but could load up going into earnings as the revised estimates makes the upcoming earnings report more beatable.