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Macy's Upgraded on Improving Sales
(Updated with stock price.)
NEW YORK (TheStreet) -- Macy's(M Quote) was upgraded on Friday to overweight after the department store reported two straight months of improving sales.
The news sent shares of the department store climbing 5.9% to $19.08 in afternoon trading.
J.P. Morgan analyst Charles Grom said the stock has significant upside potential, especially in the fourth quarter, which includes the holiday season. ...
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