UBS Raises Estimates on Macys (M)

UBS Raises Estimates on Macys (M)

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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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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