Wells Fargo Downgrades Macy's (M) to Market Perform
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Price: $25.34 --0%
Rating Summary:
8 Buy, 20 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 1 | New: 4
Rating Summary:
8 Buy, 20 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 1 | New: 4
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Wells Fargo downgraded Macy's (NYSE: M) from Outperform to Market Perform with a price target of $64-$68 (from $60-$64). Analyst Paul Lejuez said Q3 results were "on an absolute basis were fairly weak." Long-term he thinks it will be challenged to improve margins.
For an analyst ratings summary and ratings history on Macy's click here. For more ratings news on Macy's click here.
Shares of Macy's closed at $61.57 yesterday.
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