Macy’s Introduces Award-Winning Home Helpers from Inventor and Entrepreneur Joy Mangano

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UBS Cuts PT on Macy's (M) Following Holiday Season

January 7, 2016 8:48 AM EST

UBS maintained a Neutral rating on Macy's (NYSE: M), and cut the price target to $38.00 (from $43.00), following the company's holiday season.

Analyst Michael Binetti commented, "Macy's reported Nov/Dec SSS of -5.2% ex-licenses (-4.7% incl. licenses) vs UBSe: -3.5% and Street: -3%. Macy's... More