Macy's (M) Announces Restructuring, Store Closures/Openings
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Goldman Sachs Comments on Macy's (M) Holiday Data
January 9, 2015 9:06 AM ESTGoldman Sachs maintained a Buy rating on Macy's (NYSE: M) with a price target of $67. The change follows holiday sales data and an announcement regarding restructuring of merchandising and marketing functions, and 14 store closures.
Analyst Stephen Grambling said, "Our FY14/15/16 EPS estimates move... More
Northcoast Research Downgrades Macy's (M) to Neutral
January 9, 2015 8:58 AM ESTNorthcoast Research downgraded Macy's (NYSE: M) from Buy to Neutral.
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 $67.81 yesterday.
... MoreMacy's (M) Holiday 2014 Comps Rose 2.7%
January 8, 2015 4:01 PM ESTMacy's (NYSE: M) announced that its comparable sales on an owned plus licensed basis rose by 2.7 percent in the months of November and December 2014 combined, compared with the same period last year. This tracks within the companys guidance, provided on Nov. 12, 2014, for a comparable sales increase of 2 percent to 3 percent on an owned plus licensed basis in the full fourth quarter of 2014.
On an owned basis, comparable sales rose by 2.1... More
