Macy's (M) Tops Q3 EPS by 8c; Comps Outpace Expectations
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Goldman Sachs Boosts Macy's (M) Price Target
November 14, 2013 9:28 AM ESTGoldman Sachs maintained a Neutral rating on Macy's (NYSE: M) and raised its price target to $54.00 (from $48.00). FY13/FY14/FY15 EPS estimates increased to $3.90/$4.45/$5.00 from $3.81/$4.33/$4.87, and Goldman introduced FY16E EPS of $5.58.
"Intensified marketing efforts should sustain the comp in 4Q despite a shorter... More
Macy (M) Q3 Comps 'Impressive', GM Indicates Tough Environment - Wells Fargo
November 13, 2013 11:43 AM ESTWells Fargo Wednesday maintained an Market Perform rating on Macy's (NYSE: M) with a price target of $44.00. Analyst Paul Lejuez called Macy's 3.5% comps "impressive," but he remains sidelined given gross margin concerns.
"While Q3 was tough across retail, and M was... More
