Notable Downgrades-Initiations: Macy’s (M), Crocs (CROX), Twitter (TWTR), Petrobras (PBR)

Macy’s, Inc. (M) was downgraded by Sterne Age from a ‘Buy’ rating to a ‘Neutral’ rating in a research note issued on Thursday. Macy’s shares are currently priced at 15.24x this year’s forecasted earnings compared to the industry’s -8.77x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.08 and 11.96, respectively. Price/Sales […] View the full post at: Notable Downgrades-Initiations: Macy’s (M), Crocs (CROX), Twitter (TWTR), Petrobras (PBR) Related posts: Top Pre-Market Stock Upgrades/Downgrades May 3, 2010