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Fly News Breaks for August 15, 2019
Aug 15, 2019 | 07:15 EDT
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.