Macy's (M) Tops Q3 EPS by 10c; Trims FY14 EPS Outlook
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Wells Fargo Downgrades Macy's (M) to Market Perform
November 13, 2014 7:14 AM ESTWells 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.... More
Macy's (M) Revised FY14 Oulook 'Appropriately Cautious' - Stifel
November 12, 2014 9:54 AM ESTStifel comments on Macy's (NYSE: M) following Q3 results reported earlier. The firm has Macy's at Buy with a price target of $70.
Analyst Richard Jaffe outlined the following key takeaways:
2014 Guidance Lowered Management lowered both its comp and EPS estimates for 2014 despite the EPS beat in 3Q. This is likely due to a cautious outlook for Holiday.... More