Form 8-K Macy's, Inc. For: May 21

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Go back to Form 8-K Macy's, Inc. For: May 21

Macy's (M) PT Lowered to $4.50 at BofA Securities

May 22, 2020 1:21 PM EDT

BofA Securities analyst Lorraine Hutchinson lowered the price target on Macy's (NYSE: M) to $4.50 (from $5.00) while maintaining a Underperform rating, citing weak credit, a lower capex, which was reduced by around $550M, and an expected slow recovery due to how low sales and EBIT are... More