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Stock Market & Financial Investment News

News Breaks
March 11, 2014
05:50 EDTMMacy'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.
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July 18, 2014
18:12 EDTMVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link

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