Wall Street faces profit recession as earnings season begins
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/23/2026
Go back to Wall Street faces profit recession as earnings season begins
January 11, 2016 8:19 AM EST
Starboard Value LP, a significant shareholder of Macy's, Inc. (NYSE: M), announced that it has released presentation materials outlining Starboard's proposed strategy and structures for unlocking the enormous value intrinsic of Macy's $21 billion real estate portfolio. Starboard also announced that it has delivered a letter to Macy's CEO, CFO and Board of Directors.
Starboard's Presentation on Maximizing Macy's Real Estate is available for viewing at the following link:... More
January 11, 2016 8:05 AM EST
Wedbush maintained an Outperform rating GameStop (NYSE: GME), and cut the price target to $42.00 (from $45.00), ahead of the company's Holiday Sales report. Wedbush expects GameStop to lower the high ends of its comps guidance ranges to reflect weaker-than-expected new software sales while leaving EPS guidance unchanged.
Analyst Michael Pachter commented, "We expect GameStop to lower the high ends of its comps... More
