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Stock Market & Financial Investment News

News Breaks
July 28, 2014
08:01 EDTMMacy's FY14 SSS guidance likely at risk, says Deutsche Bank
Deutsche Bank believes Macy's FY14 same-store-sales guidance of up 2.5%-3.0% is likely to be revised lower and its earnings outlook of $4.40-$4.50 could be cut by 5c-10c given the shortfall in Q1 and the promotional environment. Deutsche says its channel checks suggest strong Q2 top-line trends for Macy's, however, driven by incremental promotional activity and a pickup in seasonal sales. The firm reiterates a Buy rating on the stock, saying it still wants to own the stock into year-end.
News For M From The Last 14 Days
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December 19, 2014
09:20 EDTMMacy'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.
December 16, 2014
10:41 EDTMMacy's initiated with an Outperform at Cowen
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December 9, 2014
10:23 EDTMOn The Fly: Analyst Downgrade Summary
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08:14 EDTMMacy's downgraded at Atlantic Equities
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08:06 EDTMMacy's downgraded to Neutral from Overweight at Atlantic Equities
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