Form 8-K Macy's, Inc. For: Nov 12
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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