Analyst: Macy's good for contrarian bargain hunters

Clubs and Organizations

July 26, 2017

Yet another analyst says that despite the retail horror story surrounding Cincinnati-based department store giant Macy's, the company's stock is attractively priced. Michael Wiggins De Oliveira, a self-professed contrarian writing in Seeking Alpha, said that despite nine quarters of declining sales, Macy's (NYSE: M) premium lines are holding up remarkably well. Those include items like activewear and