Macy’s, Inc. Outlines Moves to Drive Profitable Growth and Enhance Shareholder Value
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UBS Remains Sidelined on Macy's (M) Following 2Q Beat and Announced Store Closures
August 12, 2016 9:11 AM EDTUBS reiterated a Neutral rating on Macy's (NYSE: M), and raised the price target to $40.00 (from $33.00), following the company's 2Q earnings report and announced closures. Macy's reported EPS of $0.54 ahead of the Street's $0.45 estimate. Macy's will close 100 doors near year-end. A ~$1B sales reduction (-4%).... More
Stifel Keeps Macy's (M) at Hold Following 'Challenging' Q2; EPS, Margins Outpace Expectations
August 11, 2016 9:56 AM EDTStifel affirms Macy's (NYSE: M) at Hold following Q2 results and store closing plans, as announced earlier Thursday.
Analyst Richard Jaffe commented today:
Macys to Close 100 Stores The company plans to close 100 Macys full-line stores (out of a portfolio of 728). Most of the stores will close in early 2017, with the balance closing as... More