Luxottica to open LensCrafters concessions at Macy's

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Go back to Luxottica to open LensCrafters concessions at Macy's

Light Domestic Spending Hampered Macy's (M) Q3 Results, Outlook; Stifel Still Favorable on L-T Initiatives

November 11, 2015 10:10 AM EST

Stifel affirms its Buy rating and $60 price target on Macy's (NYSE: M) following Q3 results and an update on REIT conversion plans.

Analyst Richard Jaffe noted that Macy's Q3 EPS of $0.56 came in above the firm's $0.54 outlook. The analyst noted weak sales, with comps falling 3.9 percent, were largely related to lower domestic spending.

Jaffe noted the... More