UBS Raises Estimates on Macys (M)
UBS reported on Wednesday that they have increased their estimates for department store chain, Macy’s, Inc.(M).
The firm, which currently has a “Neutral” rating on Macy’s has raised their estimates on the company through 2015. Analysts see an upside for the company based on free cash flow growth and expanding ROIC.
Macy’s shares were mostly flat during premarket trading Wednesday. The stock has increased 6.8% in the past year.
The Bottom Line
Shares of Macy’s, Inc.(M) have a 2.02% yield, based on Tuesday’s closing price of $39.59.
Macy’s, Inc.(M) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
Get FREE Dividend Tips, Updates & MoreWe respect your privacy
- Powerful dividend insights sent every weekday morning
- Gain instant access to actionable investing tips
- Strategically grow your portfolio’s profitability