Analysts: Sell Some Macy’s Shares on Quarterly Results and 3 More Research Notes to Browse
Macy’s (NYSE:M): Buckingham says that short-term investors may want to sell some of their shares of Macy’s as it predicts that the company’s second quarter results could be a negative catalyst. The firm thinks that the retailer could modestly reduce its second-half comp outlook, but nevertheless remains bullish on the company’s long-term outlook. It keeps a Buy rating on the shares.
Yum! Brands (NYSE:YUM): Buckingham has downgraded Yum! to Neutral from Buy following its weak July China comparables that came in below estimates and reduced estimates inline with consensus. The price target has been lowered to $78 from $80.
InvenSense (NASDAQ:INVN): Following a meeting with InvenSense’s CFO, Oppenheimer is more comfortable with the company’s long-term outlook. The firm contends that current estimates do not fully bake in upside potential from new designs with a high probability of winning, and keeps an Outperform rating on the stock.
Amazon.com (NASDAQ:AMZN): Piper Jaffray points out that July ChannelAdvisor data, indicating a sequential deceleration to 25 percent year-over-year growth from 31 percent in June for Amazon, is in-line with its model.