Macy's cuts full-year sales forecast, forms China venture

UBS Cuts Price Target on Yahoo! (YHOO) to $51 Following Revised BABA Outlook

UBS maintained a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $51.00 (from $57.00), on a revised BABA outlook. The revised price target on YHOO follows a downward revision on BABA, whose price target was cut to $101 (From $112).

Analyst Eric... More

Brean Capital Cuts Price Target on Alibaba (BABA) to $92 Following 1Q16 Results

Brean Capital maintained a Buy rating on Alibaba (NYSE: BABA) and cut the price target to $92.00 (from $97.00), following the company's 1Q16 earnings report. Revenue came in at RMB 20.2bn (+28% YoY), below consensus estimates of RMB 20.9bn. Adjusted EPS came in at $0.59, beating consensus by one penny.

Analyst Fawne Jiang commented, "BABA printed soft FY1Q16 results, largely driven by factors... More

Stifel Sees Near-Term Weakness in Macy's (M), But Longer-Term Plan Still Intact

Stifel is out with initial commentary on Macy's (NYSE: M) following Q2 results and strategic initiative announcements. The firm has Macy's at Buy with a price target of $75.

Analyst Richard Jaffe noted that Macy's Q2 EPS of $0.64 miss the firm's $0.77 estimate. The analyst commented, We anticipate near term weakness at... More

Alibaba (BABA), Macy's (M) Enter Partnershp for Flagship Store on Tmall Global

Alibaba (NYSE: BABA) announced an exclusive agreement with Macys (NYSE: M) China Limited, a joint venture between Macys Inc, one of Americas most iconic fashion retailers and the largest U.S. department store by retail sales, and Hong Kong-based Fung Retailing Limited, a leading retailer in Greater China (1). Under the agreement, Macys China Limited will launch an exclusive online flagship store on Tmall Global providing a wide selection of authentic, high-quality Macys merchandise to shoppers in China. This partnership will enable Macys brands to reach... More