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M

Macy's

$25.13

0.48 (1.95%)

14:42
04/24/19
04/24
14:42
04/24/19
14:42

Macy's in talks to put office tower atop NYC flagship store, Bloomberg reports

Macy's has held preliminary discussions with New York City officials about building a skyscraper on top of its flagship store in Manhattan's Herald Square, Bloomberg's Lily Katz reports. The company has floated plans for a 1.2M-square-foot office tower that would be used by other tenants, the report notes, citing a person familiar with the matter. In afternoon trading, shares of Macy's have gained over 2% to $25.17. Reference Link

  • 17

    May

M Macy's
$25.13

0.48 (1.95%)

02/06/19
OTRG
02/06/19
DOWNGRADE
OTRG
Mixed
Macy's downgraded to Mixed from Positive at OTR Global
02/12/19
CLVD
02/12/19
NO CHANGE
CLVD
Macy's sales softened in January, says Cleveland Research
02/20/19
WEDB
02/20/19
NO CHANGE
Target $65
WEDB
Neutral
Dillard's price target lowered to $65 from $70 at Wedbush
Wedbush analyst Jen Redding lowered his price target for Dillard's (DDS) to $65 from $70 as she leans cautiously into earnings, with her data models showing revenues a touch below consensus, elevated e-commerce inventories, and lackluster consumer spending fueled by a late tax return season, likely compounding pressures for the beleaguered department store group. Though shares depreciated less than Macy's (M), Nordstrom (JWN), and Kohl's (KSS) for the period November 5 through January 31, the analyst attributes relative outperformance compared to the peer group as owing to Dillard's low profile presence on the street, and limited availability of data points versus investor expectations for an upcoming positive catalyst. Redding reiterates a Neutral rating on Dillard's shares.
04/03/19
STPT
04/03/19
UPGRADE
STPT
Buy
Macy's upgraded to Buy from Hold at Standpoint Research

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