Macy's, Hewlett-Packard Cut, While JPMorgan Gets a Boost

Macy's and Hewlett-Packard were discounted, while JPMorgan looks solid, all in Wednesday's Analysts' Actions.
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Macy's and Hewlett-Packard were discounted, while JPMorgan looks solid, all in Wednesday's Analysts' Actions. Macy's was revised at BMO Capital after the retailer issued softer-than-expected sales growth over 2015. An OUTPERFORM rating was maintained but profit estimates were cut. Cantor Fitzgerald cut Hewlett-Packard's price target to $35 from $39 after soft forward guidance. Analysts said the company will face severe headwinds from a stronger dollar. BMO Capital kept a MARKET PERFORM rating on JPMorgan but upped its price target to $66 from $62. The firm said the company is realizing higher cost synergies.