UPDATE - UBS Initiates Coverage on Macy's (M) with a Neutral; Most Improved, But Reflected In Shares
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Price: $22.82 +1.06%
Rating Summary:
9 Buy, 19 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 19 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - UBS initiates coverage on Macy's (NYSE: M) with a Neutral. PT $43.
Analyst, Michael Binetti, said, "Macy's is the most improved stock in the d-stores group over the past two years. The company emerged from the recession with stores customized to local tastes, significantly re-energized employees, and a top notch ecommerce platform. The stock has outperformed the d-stores group by 15pp YTD and valuation is now in line with the historical avg, leaving less near-term stock upside, in our view."
To see more ratings on M, Click Here
Analyst, Michael Binetti, said, "Macy's is the most improved stock in the d-stores group over the past two years. The company emerged from the recession with stores customized to local tastes, significantly re-energized employees, and a top notch ecommerce platform. The stock has outperformed the d-stores group by 15pp YTD and valuation is now in line with the historical avg, leaving less near-term stock upside, in our view."
To see more ratings on M, Click Here
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