Macy's warning on margins hits department store shares
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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 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
