Macy's upgraded to Outperform from Market Perform at Wells Fargo Wells Fargo upgraded Macy's to Outperform saying the company's Q4 results indicate it’s the "clear leader” in the mid-tier department store sector. Wells sees an attractive valuation and strong fundamentals and raised its price target range for shares to $66-$70 from $54-$58. Macy's closed yesterday up 7c to $58.12.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Bemis (BMS) upgraded to Buy from Neutral at BofA/Merrill... Gigamon (GIMO) upgraded to Outperform from Market Perform at William... Global Payments (GPN) upgraded to Overweight from Equal-Weight at First Analysis... Knight Transportation (KNX) upgraded on valuation, catalysts at Stifel... Macy's (M) upgraded to Buy from Neutral at Buckingham... Netflix (NFLX) upgraded to Buy from Neutral at Citigroup... Reckitt Benckiser (RBGLY) upgraded to Buy from Neutral at UBS... Union Pacific (UNP) upgraded on valuation, growth outlook at Stifel... Weatherford (WFT) upgraded to Outperform from Sector Perform at RBC Capital.