Macy's (M) Holiday 2014 Comps Rose 2.7%
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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) Announces Restructuring, Store Closures/Openings
January 8, 2015 4:01 PM ESTMacy's (NYSE: M) announced a series of initiatives to evolve its business model and invest in continued growth opportunities as consumers change the way they shop. Actions include a restructuring of merchandising and marketing functions at Macys and Bloomingdales consistent with the companys omnichannel approach to retailing, as well as a series of adjustments to its field and store operations to increase productivity and efficiency.
Our business is rapidly evolving in response to changes in the way customers are shopping across stores, desktops, tablets and smartphones. We must continue to... More
