Goldman Sachs downgrades Saks (SKS) to Sell from Neutral and sets a price target of $9. It's not...

|About: Saks Incorporated (SKS)|By:, SA News Editor

Goldman Sachs downgrades Saks (SKS) to Sell from Neutral and sets a price target of $9. It's not a broad sector move by the firm after it upgraded Tiffany earlier, but a move tied to what it calls "slowing fundamentals" at Saks against a tough macro backdrop. Shares -2.9% premarket.