Citi Picks Macy's, Hudson's Bay as Leaders in Department Store Group
February 19, 2014 at 14:23 PM EST
Citigroup initiated coverage on several retailers Wednesday morning. Analyst Oliver Chen issued two buy ratings as well as four neutral ratings. Chen has the following companies rated as a Buy: Macy's (NYSE: M ) - Target $63. The Citi analyst is “impressed by Macy's general management preserving omni-channel initiatives and double