Citi Cuts Macy's (M), Nordstrom (JWN), Saks (SKS) to Neutral

June 27, 2012 7:22 AM EDT Send to a Friend
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Price: $62.59 -2.31%

Rating Summary:
    13 Buy, 8 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 28 | New: 51
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An analyst at Citi downgraded a number of stocks in the Retail sector Wednesday morning, each from Buy to Neutral:
  • Macy's (NYSE: M) - price target lowered from $49 to $39
  • Nordstrom (NYSE: JWN) - price target lowered from $63 to $52
  • Saks (NYSE: SKS) - price target lowered from $14 to $11
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