It's hump day. Sorry, we had to say it. 

A Morgan Stanley note out on Macy's (M - Get Report) said some things Macy's investors should be concerned about. 

Macy's 

Not only did Morgan Stanley analysts lowered their price target on the department store to $22 a share -- more than 12% below where the stock currently trades -- but they don't even know when the company can resume to growth.

"Ongoing EBIT and EBITDA {earnings-before-interest-and-tax} declines leave us wondering how Macy's can create shareholder value in 2019 and beyond," the analysts wrote in a note out Wednesday. Management issued guidance the market found acceptable, but the good performance was back-loaded towards the end of 2019, which causes uncertainty for the Morgan Stanley analysts. 

Now, the analysts think, Macy's will have to de-lever its balance sheet buy buying back debt, as operating income looks like it will shrink for the foreseeable future. This means Macy's is highly unlikely to do any share buybacks. 

Bank Revenues

Goldman Sachs large-cap bank analysts, who cover Bank of America (BAC - Get Report) , Wells Fargo (WFC - Get Report) , Citi Group (C - Get Report) , JPMorgan Chase (JPM - Get Report) , and Morgan Stanley (MS - Get Report) , say capital markets revenues will decline about 11% year-over-year in the first quarter of 2019. "Weakness thus far in the first quarter leads us to mark to market our capital markets revenue estimates, and we now expect capital markets revenue to fall 11% YoY in 1Q19," said the note out Tuesday. The analysts lowered their earnings per share estimates by about 3% for the group. 

The catalysts? the government shutdown made public information on initial public offerings less available so IPO's were pushed back. For trading, volumes declined according to the data seen by the Goldman analysts. 

The second half of 2019 should see some give-back in both IPO and trading volumes. 

Related. Deutsche Bank Is Not Giving Us Technical Reasons to Become a Buyer

Campbell Soup

The outlook is looking like alphabet soup

Some top analysts on Wall Street warned the outlook for Campbell Soup (CPB - Get Report) may not be quite so bright.

Goldman Sachs analysts wrote in a note, "We expect the stock to trade higher on the headline beat this morning, but would not be surprised if the gains fade as investors contemplate rebase-to-reinvest risk beyond this fiscal year.

Related. See why there's reason for caution on Palo Alto, RealMoney's stock of the day, here