Broker recommendations for Macy’s
The Macy’s, Inc. stock is rated at 2.323529 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Wednesday 2 September, 2020 by a total of 17 brokers. This means that the consensus of the 17 different brokers is leaning toward to hold/moderate sell.
6 (35.29%) Underweight
1 (5.88%) Hold
9 (52.94%) Overweight
0 (0%) Buy
Price target by analysts
The 13 latest analyst estimates, per Sunday 4 October, 2020, show the following high, low and average price targets.
Target Average: 6.58 USD
Target High: 15 USD
Target Low: 3 USD
THE PAYMENTS ECOSYSTEM: The biggest shifts and trends driving short- and long-term growth and shaping the future of the industry
Friday, 23 October 2020, 00:00:00
Summary List Placement This is a preview of The Payments Ecosystem research report from Business Insider Intelligence. Purchase this report. Business Insider Intelligence offers even more consumer coverage with Payments & Commerce Pro. Subscribe today to receive industry-changing payments and commerce news and analysis to your inbox. The power dynamics in the payments industry are changing as businesses and consumers shift dollars from cash and checks to digital payment methods. Cards dominate the in-store retail channel, but mobile wallets like Apple Pay are seeing a rapid uptick in usage. At the same time, e-commerce will chip away at brick-and-mortar retail as smartphones attract a rising share of digital shopping. Digital peer-to-peer (P2P) apps are supplanting cash in the day-to-day lives of users across generations as they become more appealing and useful than ever. And change is trickling down into bigger industries long-dominated by cash and check, like remittances and business-to-business payments.
— Business Insider
This 12-Piece Pyrex just got a major discount for Prime Day 2020
Thursday, 15 October 2020, 00:05:34
As huge fans of Pyrex, we’re thrilled about this deal on the top-rated 12-piece storage set sold at Macy’s.
— USA Today
Macy’s names Adrian Mitchell as CFO
Wednesday, 14 October 2020, 13:18:32
Macy’s Inc. undefined said Wednesday that it has named Adrian Mitchell as chief financial officer, effective Nov. 2. Mitchell joins from Boston Consulting…
Amazon Takes On Malls With Virtual “Luxury Stores”
Wednesday, 16 September 2020, 19:30:00
Amazon Takes On Malls With Virtual “Luxury Stores” Tyler Durden Wed, 09/16/2020 – 13:30 During the early days of the coronavirus outbreak, department stores tumbled into bankruptcy – like dominoes. After Fitch downgraded 9 retailers in one day , including Macy’s, Nordstrom and JC Penney , department stores filed for bankruptcy protection, or scrambled to secure birdge financing, delaying the inevitable liquidation reckoning. The collapse hammered CMBX 6, what we’ve termed the “Big Short 2.0” trade, reversing the fortunes of Carl Icahn and other traders who saw the melting ice cubes as department store anchor tenants abandoned American malls ( though Icahn’s call that 2020 would be “’08 all over again” for stocks didn’t exactly pan out ). Neiman Marcus – aka “Needless Markups” – and Lord & Taylor have filed for bankruptcy, with the later – the oldest department store in the US – in the process of liquidation. Now, Amazon has just handed investors betting against both American malls and the department stores that were once reliable drivers of foot traffic a huge favor: the company on Tuesday unveiled a new virtual “luxury brand-focused” store along with a new brand partnership with fashion house Oscar de la Renta.
— Zero Hedge
Macy’s: An Update After A Disastrous Half Year (NYSE:M)
Sunday, 13 September 2020, 15:14:58
Macy’s has seen two tough quarters as a result of Covid-19 after a few challenging years. Second-quarter results show real sequential improvements, with further improvements seen in the second half of the year.
— Seeking Alpha
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