- Gilford Securities issues an against-the-grain downgrade on Macy's (NYSE:M) to Sell due to the "speculative" run-up in share price.
- Macy's popped higher earlier this month off of REIT speculation.
- The investment firm went down two notches after having Macy's set at Buy.
- Only 3 of 24 investment firms covering Macy's have a bear call on it.
- M -0.6% premarket.