Stifel Affirms Macy's (M) at 'Buy'; FY15 Guidance Conservative, but Still Well-Positioned Amongst Peers
Get Alerts M Hot Sheet
Rating Summary:
9 Buy, 17 Hold, 5 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 8 | Down: 7 | New: 4
Join SI Premium – FREE
Stifel affirms Macy's (NYSE: M) at Buy with a price target of $70 following the company's Q4 report and outlook issued earlier Tuesday.
Analyst Richard Jaffe noted that Macy's Q4 EPS of $2.44 topped the firm's $2.41 estimate, which was above the $2.39 Street consensus.
Jaffe noted conservative FY15 guidance from Macy's, with the retailer looking for FY15 EPS of $4.70 to $4.80, versus $4.80 expected by Stifel and $4.83 on the Street.
Jaffe also commented, We believe Macy’s is well positioned as a dominant apparel retailer and in a better position than most to gain market share. In addition, its focus on improving the merchandise assortment while enhancing the customer experience both in stores and online will likely continue, driving strong results.
For an analyst ratings summary and ratings history on Macy's click here. For more ratings news on Macy's click here.
Macy's closed at $64.16 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- AstraZeneca (AZN) shares jump on much stronger Q1 top and bottom line
- HSBC Upgrades UPS (UPS) to Buy, 'Back to earnings growth'
Create E-mail Alert Related Categories
Analyst Comments, Earnings, Retail SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!