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Macy's could have 50 percent upside in a sale: Barron's Feb 12, 2017
 

One of the 68 Macy's Inc stores the company plans to close is shown at the Mission Valley Center mall in San Diego, CaliforniaMacy's Inc could see its shares rise by 50 percent in a potential sale, as the struggling retailer looks to turn around its business by downsizing its physical-store operations and reinvesting in its online presence, Barron's said on Sunday. The Cincinnati-based company, which in recent years has become the sixth-largest online retailer, is a bargain for investors despite Wall Street's gloomy outlook with management's plans to close 100 underperforming stores, which could increase its stock by 20 to 30 percent. A potential sale, particularly one with a spinoff of the company's real estate assets, could boost Macy's stock to $45 to $50, the report added.


 
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