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Stock Market & Financial Investment News

News Breaks
May 15, 2014
08:00 EDTMMacy's off to strong start in Q2, says Wells Fargo
Wells Fargo believes that Macy's reported weak Q1 comps, but the firm thinks the company's sales in the first ten days of May were up low double digits. Wells Fargo predicts that the company's Q2 results will be positive for the stock. The firm keeps an Outperform 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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October 8, 2014
13:43 EDTMDepartment stores fall after J.C. Penney cuts view due to difficult environment
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11:13 EDTMMacy's October volatility increases as shares pull back
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09:23 EDTMCitigroup to hold a tour
Athletic Footwear Mall Tour travels to Roosevelt Field Mall, Garden City, New York on October 8.
October 7, 2014
09:39 EDTMMacy's Q3 revenues tracking to $6.25B vs. consensus $6.392B, says ITG Research
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