Macy’s, Inc. Reports Third Quarter Results
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UBS Slashes Macy's (M) Estimates
November 12, 2015 9:00 AM ESTUBS analyst, Michael Binetti slashed his estimates and price target on Macy's (NYSE: M) after publishing a conservative earnings preview earlier in the week.
He reduced 4Q EPS est to $2.60 from $3.05which includes $250m of asset sale gainsbased on:
1) -3.5% SSS (ex-licenses)
2) GM: -100bp... More
Evercore ISI Downgrades Macy's (M) to Hold
November 11, 2015 3:57 PM ESTEvercore ISI downgraded Macy's (NYSE: M) from Buy to Hold.
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 $47.02 yesterday.
... MoreJ.C. Penney (JCP), Nordstrom (JWN) 'Unfairly' Dragged Lower by Macy's (M), Says Deutsche Bank
November 11, 2015 12:59 PM ESTDeutsche Bank maintained a Hold rating on Macy's (NYSE: M) and lowered its price target to $43.00 (from $59.00). The change follows disappointing Q3 results. In the view of analyst Paul Trussell, Macy's results are unfairly dragging down shares of J.C. Penney (NYSE: JCP) and Nordstrom (NYSE: JWN).
"Although the bar was very low heading into... More
