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Macy’s ‘Innovation Ideas’ Are Good But Not Good Enough, Morgan Stanley Says

August 15, 2019 Jayson Derrick 0

Macy’s Inc (NYSE: M) presented to investors new details of a turnaround plan that sounds compelling but not enough to “turn the tide,” according to Morgan Stanley.

The Analyst

Morgan Stanley analyst Kimberly Greenberger maintains an Underweight rating on Macy’s with a price target lowered from $20 to $17.

The Thesis

Macy’s reported second-quarter results, which expanded its total core retail operations losses to $70 million for the first half of 2019, Greenberger wrote in a note. Total operating income dollars were 37% lower year-over-year at $361 million. More concerning is the fact that core retail EBIT dollars in the fourth quarter at $645 …

Full story available on Benzinga.com

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The Green Organic Dutchman Applies For Nasdaq Listing

August 7, 2019 Jayson Derrick 0

cannabis company Green Organic Dutchman Holdings Ltd (OTC: TGDOF) said Wednesday that it has applied to list its stock on the Nasdaq exchange.

What Happened

Green Organic Dutchman focuses mostly on the medical cannabis space, with exposure to Canada, Europe, the Caribbean and Latin America. The company also addresses the legalized recreational adult-use market in Canada, sells organic hemp CBD oil and distributes premium hemp CBD oil products across Europe.

The company said it will continue listing its stock on Canada’s TSX …

Full story available on Benzinga.com

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