Macy's recommended ahead of Q4 report at Buckingham Buckingham recommends investors buy Macy's ahead of the Q4 report on Tuesday. The firm views valuation as favorable and does not expect weather to have a material impact on EPS but acknowledges January trends could miss. The firm dos not expect management to revise full year guidance and expects positive momentum to continue from the favorable Holiday season. Shares are Buy rated with a $68 price target.
Macy's sales soft through mid-December, says Cleveland Research Cleveland Research said Macy's sales are tracking in the range of +1% to +2% through mid-December, vs. consensus of +2.2%. The firm said soft customer traffic trends remain the primary headwind for the quarter. Shares are Buy rated.