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Why Macy's is Now One of Morgan Stanley's Best Ideas

2014-08-06 21:07:47| Apparel - Topix.net

Consistent execution, clear EPS growth algorithm, sector-leading FCF yield and shareholder returns deserve a higher FY2 P/E multiple than 12x On a PEG ratio basis, Macy's is the cheapest stock in our Softlines/Department Store coverage universe, other than Michael Kors .

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