Macy’s, Inc. Outlines Cost Efficiency Initiatives and Lists Store Locations to Be Closed
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January 7, 2016 10:53 AM EST
Analyst at Detwiler Fenton said it might be time to start looking at Macy's (NYSE: M) again as shares looked to have bottomed
"Maybe its time to start looking at Macy's again," the analysts said.
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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
January 6, 2016 4:19 PM EST
After initially trading down as much as 5% on weak guidance and more store closings, Macy's (NYSE: M) is now up 2.9% as traders key on a potential real estate JV.
In its press release, the company stated: "Eastdil Secured, a leading real estate-focused... More
