UPDATE: Macy's (M) Affirms FY EPS Guidance But CFO Warns on Gross Margins
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June 7, 2017 9:35 AM EDT
BofA/Merrill Lynch lowered its price target on Macy's (NYSE: M) to $25.00 (from $31.00) while maintaining a Neutral rating following analyst day. Macys is optimistic it can stabilize sales in F17 and drive growth by F18/19, but acknowledges ongoing challenges.
Management reiterated F17... More
June 7, 2017 8:50 AM EDT
Citi lowered its price target on Macy's (NYSE: M) to $21.00 (from $23.00) while maintaining a Neutral rating.
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June 7, 2017 7:38 AM EDT
Jefferies lowered its price target on Macy's (NYSE: M) to $24.00 (from $27.00) while maintaining a Hold rating following analyst day. Management focused on LT initiatives to drive the biz including marketing, merchandising, omni capabilities, and real estate monetization.
Management guided GM's down... More
June 7, 2017 3:44 AM EDT
Goldman Sachs lowered its price target on Macy's (NYSE: M) to $25.00 (from $28.00) while maintaining a Neutral rating.
Analyst Lindsay Drucker Mann is encouraged by the amount of detail Macy's provided at Investor Day surrounding strategic initiatives. She relays the company guidance that $75-100... More
June 6, 2017 5:36 AM EDT
Macy's (NYSE: M) June weekly call option implied volatility is at 56, June is at 44, July is at 36; compared to its 52-week range of 27 to 54 into hosting an investor day on June 6.
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