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Fly News Breaks for January 11, 2019
M
Jan 11, 2019 | 07:21 EDT
UBS analyst Jay Sole lowered his estimates and price target on Macy's following a disappointing holiday season. The analyst believes gross margins also fell in what is likely the largest quarter-over-quarter drop since Q4 2015. Sole maintained his Neutral rating and lowered his price target to $28 from $31 on Macy's shares.
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