Macy's (M) Declares $0.3775 Quarterly Dividend; 4.5% Yield

Macy's (M) PT Raised to $34 at Credit Suisse

Credit Suisse raised its price target on Macy's (NYSE: M) to $34.00 (from $31.00) while maintaining a Neutral rating.

7 Incremental Points On Macy's (M) Quarter - Citi

Citi analyst, Paul Lejuez, reiterated his Sell rating on Macy's (NYSE: M) while raising the price target to $25 from $21 after the company posted 3.5% comp store sales growth. He offered 7 points that investors should be aware of:

1) The qtr was ahead of mgmt expectations in... More

Macy's (M) PT Raised to $33 at Deutsche Bank

Deutsche Bank raised its price target on Macy's (NYSE: M) to $33.00 (from $29.00) while maintaining a Hold rating.

Macy's (M) PT Raised to $35 at RBC Capital

RBC Capital raised its price target on Macy's (NYSE: M) to $35.00 (from $31.00) while maintaining a Sector Perform rating.

Macy's (M) PT Raised to $25 at Citi

Citi raised its price target on Macy's (NYSE: M) to $25.00 (from $21.00) while maintaining a Sell rating.

Macy's (M) PT Raised to $36 at Guggenheim

Guggenheim raised its price target on Macy's (NYSE: M) to $36.00 (from $32.00) while maintaining a Buy rating.

Macy's (M) PT Raised to $35 at Cowen

Cowen raised its price target on Macy's (NYSE: M) to $35.00 (from $28.00) while maintaining a Market Perform rating.

Macy's (M) PT Raised to $35 at Telsey; 'Making Strides in North Star Strategy, And Still in the Early Innings'

Telsey raised its price target on Macy's (NYSE: M) to $35.00 (from $31.00) while maintaining a Market Perform rating.

Macy's (M) PT Raised to $40 at Gordon Haskett

Gordon Haskett raised its price target on Macy's (NYSE: M) to $40.00 (from $36.00) while maintaining a Buy rating.

Macy's (M) PT Raised to $30 at Jefferies

Jefferies raised its price target on Macy's (NYSE: M) to $30.00 (from $27.00) while maintaining a Hold rating following results.

J.C. Penney (JCP), Nordstrom (JWN), Others on Watch After Macy's (M) Q1 Comps Tops Consensus at 4.2% vs 1%

J.C. Penney (NYSE: JCP), Nordstrom (NYSE: JWN) were in focus Wednesday after Macy's (NYSE: M) reported Q1 comps on an owned plus licensed basis that tops consensus at 4.2% vs 1% expected.

Other retailers like Target (NYSE: TGT) and Kohl's Corp. (NYSE: KSS) also gained

Macy's (M) Tops Q1 EPS by 13c, Revenue Beats; 'Raises Earnings & Sales Guidance for Fiscal 2018'

Macy's (NYSE: M) reported Q1 EPS of $0.48, $0.13 better than the analyst estimate of $0.35. Revenue for the quarter came in at $5.54 billion versus the consensus estimate of $5.39 billion.

Looking Ahead - Raising Earnings and Sales Guidance

Macy\'s, Inc. is updating its guidance for fiscal 2018. The company now expects adjusted earnings per diluted share of $3.75 to $3.95 in fiscal 2018, excluding anticipated settlement charges related to the companys defined benefit plans as well as impairment and other costs. This reflects an increase of 20 cents compared to the prior guidance. Total sales are expected to range... More

Wall St. gains as small-cap Russell 2000 hits record

By Stephen Culp

(Reuters) - Retail and technology stocks led Wall Street higher on Wednesday and the small-cap Russell 2000 hit a record peak, even as a rise in U.S. bond yields to an almost seven-year high suggested more competition for equities and investors fretted over geopolitics.

Smaller companies continued this year's trend of outperforming their larger rivals with the Russell 2000 reaching a record high. The index ended up 1 percent.

"Small caps present a cleaner play than large caps on two fundamental market drivers: lower corporate taxes and a stronger US economy," research firm DataTrek wrote in its... More