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Credit Suisse launches coverage on Macy's [Seeking Alpha]

MACY'S (M)  More Company Research Source: Seeking Alpha
Last macy's earnings: 8/15 08:00 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
PDF Credit Suisse launches coverage on Macy'sCredit Suisse notes that the "flurry" of initiatives by Macy's (NYSE:M) are only producing modest results for the department store operator in terms of comparable sales growth and EPS lift."M is doing a good job launching initiatives to stave off structural headwinds, but excluding asset sales/lower tax/53rd wk, ‘18 Retail EPS is still guided down -7% YOY," sums up the analyst team.The investment firm estimates another 100 Macy's stores are at risk of being closed.CS sets a Neutral rating and $31 price target on Macy's.Click to subscribe to real-time analytics on MNow read:Macy's And The Lost Art Of Value Investing » [Read more]

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