Macy's shares should be bought on recent weakness, says Buckingham Buckingham expects investors to focus on Macy's April and May trends, which the firm thinks have strengthened. The firm expects the company to maintain its FY14 guidance, and it views the stock's risk/reward ratio as positive. The firm reiterates a Buy rating on the stock.
J.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.