Macy's (M) PT Lowered to $24 at Jefferies Following Analyst Day
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Macy's (M) PT Lowered to $25 at BofA/Merrill Lynch Following Analyst Day
June 7, 2017 9:35 AM EDTBofA/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 $21 at Citi
June 7, 2017 8:50 AM EDTCiti lowered its price target on Macy's (NYSE: M) to $21.00 (from $23.00) while maintaining a Neutral rating.
... MoreMacy's (M) volatility elevated as shares near seven-year low
June 7, 2017 6:33 AM EDTMacy's (NYSE: M) June weekly call option implied volatility is at 47, June is at 41, July is at 33; compared to its 52-week range of 27 to 54 as shares near seven-year low.
... MoreMacy's (M) PT Lowered to $25 at Goldman Sachs
June 7, 2017 3:44 AM EDTGoldman 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
Macy's warning on margins hits department store shares
June 6, 2017 1:08 PM EDTCHICAGO (Reuters) - Macy's Inc (NYSE: M) margins could end the year as much as 80 basis points lower than in 2016, Chief Financial Officer Karen Hoguet warned on Tuesday in comments that sent shares of the department store chain sliding to five-year lows, and also pressured other retail stocks.
Hoguet's comments, made during an investor meeting, sent Macy's shares dropping as much as 7.7 percent.
Competition from Amazon.com Inc (NASDAQ: AMZN) and other online retailers is growing, forcing brick-and-mortar chains to... More
Macy's (M) volatility stays elevated as shares fall to six-year low after CFO warns margins could be below forecast
June 6, 2017 12:16 PM EDTMacy's (NYSE: M) June weekly call option implied volatility is at 55, June is at 44, July is at 26; compared to its 52-week range of 27 to 54 after CFO Karen Hoguet warned analysts the department store gross margin could be below forecast.
... MoreUPDATE: Macy's (M) Affirms FY EPS Guidance But CFO Warns on Gross Margins
June 6, 2017 10:37 AM EDT(Updated - June 6, 2017 11:08 AM EDT)
Macy's (NYSE: M) reaffirmed its FY EPS guidance during its investor day but warned about gross margins, according to reports.... More
Wall Street slips ahead of UK vote, ECB, Comey testimony
June 6, 2017 7:34 AM EDTBy Rodrigo Campos
NEW YORK (Reuters) - Major U.S. stock indexes ended near session lows on Tuesday as traders shied away from risky assets ahead of major political and economic headlines expected on Thursday.
Britain's general election as it maps its exit from the European Union, the European Central Bank's policy meeting and former FBI Director James Comey's testimony before a Senate panel could all affect investor sentiment.
Comey was investigating whether Donald Trump's presidential campaign and Russia colluded to sway the 2016 U.S. election when he was fired by Trump in May. His testimony could... More
Macy's (M) June weekly call option implied volatility increases into hosting an investor day
June 6, 2017 5:36 AM EDTMacy's (NYSE: M) June weekly call option implied volatility is at 56, June is at 44, July is at 36; compared to its 52-week range of 27 to 54 into hosting an investor day on June 6.
... More=Macy's (M) June weekly call option implied volatility elevated into hosting an investor day
June 5, 2017 7:37 AM EDTMacy's (NYSE: M) June weekly call option implied volatility is at 46, June is at 41, July is at 34; compared to its 52-week range of 27 to 54 into hosting an investor day on June 6.
... More