Macy's (M) volatility stays elevated as shares fall to six-year low after CFO warns margins could be below forecast

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Go back to Macy's (M) volatility stays elevated as shares fall to six-year low after CFO warns margins could be below forecast

Macy's (M) PT Lowered to $25 at BofA/Merrill Lynch Following Analyst Day

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

Macy's (M) PT Lowered to $24 at Jefferies Following Analyst Day

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