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Macy's Just Isn't Good At Retail Anymore; Citi Downgrades To Sell
Monday, October 30, 2017 - 10:37am | 425Shares of Macy's Inc (NYSE: M) lost more than 2 percent Monday and hit a new 52-week low of $19.00 after analysts at Citi turned bearish on the company. The firm's Paul Lejuez downgraded Macy's stock rating from Neural to Sell with a price target lowered from $21 to $16 (see his track record here...