Macy's to test Best Buy outlets in its stores

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Go back to Macy's to test Best Buy outlets in its stores

Cowen Remains Bullish on Macy's (M) Following Announced Store Closures

September 9, 2015 11:54 AM EDT

Cowen reiterated an Outperform rating and $70.00 price target on Macy's (NYSE: M) following the company's announcement to shutter 35 to 40 stores in early 2016. Analyst Oliver Chen believes that shrinking the fleet size is likely prudent as M makes greater investment in its online business.

Chen commented, "Yesterday AMC, M announced... More

Cantor Fitzgerald Cuts Price Target on Alibaba (BABA) Following Investor Conference

September 9, 2015 7:30 AM EDT

Cantor Fitzgerald maintained a Buy rating on Alibaba (NYSE: BABA), and cut the price target to $88.00 (from $95.00), following an investor conference. Comments made by the company indicated that GMV growth is seeing negative impact on consumer spending as a result of ongoing macro weakness in... More