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M

Macy's

$16.80

-2.58 (-13.31%)

07:15
08/15/19
08/15
07:15
08/15/19
07:15

Macy's price target lowered to $23 from $28 at Deutsche Bank

Deutsche Bank analyst Paul Trussell lowered his price target for Macy's to $23 from $28 citing yesterday's "big miss." While the Q2 comp was in line with expectations, earnings was well below driven by worse than feared margin pressure, Trussell tells investors in a research note. He keeps a Hold rating on Macy's shares.

  • 21

    Nov

M Macy's
$16.80

-2.58 (-13.31%)

05/16/19
05/16/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Macy's (M) upgraded to Neutral from Sell at Goldman Sachs with analyst Alexandra Walvis saying she sees a more balanced risk/reward in the wake of the stock's recent underperformance. 2. SAIC (SAIC) upgraded to Outperform from Market Perform at Wells Fargo with analyst Edward Caso saying he has "growing comfort" with the company's ongoing integration of its Engility acquisition and sees the deal producing a "notable improvement" in free cash flow. 3. Scorpio Tankers (STNG) upgraded to Overweight from Neutral at JPMorgan with analyst Noah Parquette saying he's seen a considerable increase in interest from investors in the IMO 2020 product tanker story in recent weeks. 4. KB Home (KBH) and Taylor Morrison (TMHC) were upgraded to Outperform from Sector Perform at RBC Capital. 5. MYR Group (MYRG) upgraded to Buy from Hold at Stifel with analyst Noelle Dilts saying she sees "compelling dynamics" in the electric transmission and distribution market as utilities move investment toward power delivery in order to address reliability concerns, the need for grid hardening, and aging infrastructure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/23/19
JEFF
07/23/19
NO CHANGE
Target $192
JEFF
Buy
Wayfair well positioned to take wedding registry market share, says Jefferies
Jefferies analyst Jonathan Matuszewski says his web analytics, pricing, and survey work prove Wayfair (W) is "uniquely-positioned to succeed in the attractive registry market." A high degree of market share currently resides with "struggling peers" like Bed Bath & Beyond (BBBY) and Macy's (M), presenting Wayfair with an opportunity to acquire engaged couples and their roughly 70M guests annually, Matuszewski tells investors in a research note. He estimates over $200M in 2022 wedding registry sales for Wayfair just from active customers, and over $600M when factoring in new customers and other occasions. The analyst reiterates a Buy rating on the shares with a $192 price target. The online retailer closed Monday down 38c to $145.00.
08/14/19
JPMS
08/14/19
DOWNGRADE
JPMS
Underweight
Macy's downgraded to Underweight from Neutral at JPMorgan
08/14/19
JPMS
08/14/19
DOWNGRADE
Target $16
JPMS
Underweight
JPMorgan downgrades Macy's to Underweight after earnings miss, guidance cut
As previously reported, JPMorgan downgraded Macy's to Underweight from Neutral, with analyst Matthew Boss reducing both his FY20 and FY21 EPS estimates after the company's Q2 earnings miss and FY19 guidance cut. The analyst, who noted that Macy's reported its third consecutive quarterly decline in gross profit dollars, also pointed out that management spoke about a "very competitive" overall retail landscape. Boss cut his price target on Macy's shares to $16 from $22.

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