Macy's price target lowered to $53 from $70 at BMO Capital BMO Capital cut its price target on Macy's after the company's Q3 comp sales fell 3.6%. However, the firm recommends buying the stock, particularly on weakness, as it believes that the company's sales growth and EBIT margin can rebound. It keeps an Outperform rating on the shares.
Deutsche 'disappointed and shaken' by Nordstrom's results Deutsche Bank analyst Paul Trussell says he's "disappointed and shaken" by Nordstrom's weaker than expected Q3 results and guidance. Management highlighted a meaningful slowdown in transactions across all formats, across all categories, and across all geographies beginning in August that has yet to recover, Trussell tells investors in a post-earnings research note. He cut his price target for the stock to $66 from $84 but keeps a Buy rating on Nordstrom. The company's business model remains "superior" and management continues to expect $20B-plus in sales by 2020, Trussell points out.