Macy’s (M) call put ratio 2.7 calls to 1 put into Q1 EPS

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Macy's (M) PT Lowered to $27 at Jefferies Following 1Q

May 12, 2017 7:44 AM EDT

Jefferies lowered its price target on Macy's (NYSE: M) to $27.00 (from $35.00) while maintaining a Hold rating. The company's 1Q EPS missed expectations, owing to weaker than expected comps and greater than expected GM pressure.

Management reaffirmed its FY18 EPS outlook, with comps accelerating... More