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Deutsche Bank Reiterates Buy Rating on Macy's on Coupon Specials

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In a report published Monday, Deutsche Bank reiterated its Buy rating on Macy's (NYSE: M).

Deutsche Bank noted, “Macy's highlighted 3 day specials this past weekend with 25%-50% off storewide value and regular priced items with an extra 15% off using the Wow! Pass on sale and clearance apparel. In addition, all furniture was on sale with final closeouts on mattress sets. Last year, M ran a 20% off VIP sale event with the Wow! Pass offered a week later making the periods un-comparable.”

Macy's closed on Friday at $41.67.

Latest Ratings for M

DateFirmActionFromTo
Mar 2016JefferiesMaintainsHold
Feb 2016BarclaysMaintainsUnderweight
Dec 2015Goldman SachsDowngradesBuyNeutral

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Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings

 

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