This morning, Sterne Agee reduced its EPS estimates on shares of Macy's (M) through 2014 as mall traffic remains weak nationwide. In the report, Sterne Agee maintained its buy rating, but set a new $52 price target. Shares of Macy's were lower on the report, slipping 1.3% today.
UBS lowered its price target on shares of Northern Tier Energy (NTI) to $28 following the reports of a fire at the St. Paul refinery over the weekend. Shares of NTI were flat on Tuesday, trading right around $18.50.
And Credit Suisse lowered its price target on shares of Superior Energy (SPN) to $33 as oil services activity are falling behind expectations. Despite the lower price target, Credit Suisse maintained its outperform rating. Shares of SPN were lower by 1.9% on the news.
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