Macy's -2% after Atlantic Equities cut

|About: Macy's Inc. (M)|By:, SA News Editor

Atlantic Equities downgrades Macy's (NYSE:M) to an Underweight rating on its view that investor expectations are running too high for the holiday quarter and 2019.

The investment firm slashes its price target to $28 from $39.

Shares of Macy's are down 2.37% in premarket trading to $31.65.

Subscribe for full text news in your inbox