Live Nation Initiated a Buy, Bearish Calls for Macy's

In Thursday's Analysts' Actions, Express Scripts and Macy's are downgraded and Jefferies initiates Live Nation Entertainment. Express Scripts (ESRX) was downgraded at Goldman Sachs (GS) to 'Neutral' from 'Buy.' They're maintaining a $75 price target, which is pretty much where the stock is currently trading. Goldman said they downgraded Express Scripts for 'facing fading growth drivers in its core business.' Macy's (M) is now rated a 'Neutral' from 'Buy' at Sterne Agee. The analysts there say they're see a few 'yellow flags' emerge lately and sees 'the case for multiple expansion lacks support.' The firm is keeping its price target at $62 dollars. Live Nation Entertainment (LYV) is now being covered at Jefferies with a 'Buy' rating and a $27 dollar price target. That's about 17 percent to the upside from where the stock is currently. The firm says they believe the company's various businesses create scale which together 'should drive a multi-year cycle of double digit growth.'