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Stock Market & Financial Investment News

News Breaks
January 9, 2014
07:00 EDTMMacy's holiday comps were strong, says Stifel
After Macy's reported that its comp sales had risen 3.6% during the November/December period, Stifel thinks the company is continuing to execute its key strategies well. The firm keeps a $64 price target and Buy rating on the shares.
News For M From The Last 14 Days
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October 14, 2014
14:17 EDTMMacy's to open 2 hours earlier for Thanksgiving this year, CNN reports
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October 13, 2014
10:06 EDTMJ.C. Penney rises after selecting Home Depot executive as next CEO
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06:15 EDTMJ.C. Penney downgraded to Sell from Neutral at UBS
UBS downgraded its rating on J.C. Penney (JCP) shares to Sell saying the company's 2017 EBITDA target of $1.2B is overly optimistic as it assumes years of market share gains against strong competitors like Macy's (M) and Kohl's (KSS). UBS halved its price target for Penney shares to $5 from $10. The retailer's stock closed Friday down 52c to $7.12.
October 9, 2014
09:41 EDTMBofA/Merrill retail analysts hold an analyst/industry conference call
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