Jim Cramer Is Pleased With the Macy's Upgrade By Citigroup
Jim Cramer is fond of Citigroup's upgrade of Macy's shares on Wednesday.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is fond of Citigroup's (C) - Get Report upgrade of Macy's (M) - Get Report shares on Wednesday. "I thought that was a cogent upgrade," Cramer said. "The cash flow is there for the department store - it has a 4 percent yield." Cramer said the company's plans to close stores is going to help gross margins.
