Why Macy's Stock Was Sliding Today

Shares of Macy's (NYSE: M) were slipping today after the department store chain was downgraded by Credit Suisse, along with Gap and L Brands.

As a result, Macy's stock was down 4.4% at 11:14 a.m. EDT after falling as much as 5.6% earlier in the session. Gap and L Brands took the news even harder, trading down 5.4% and 8%, respectively.

Macy's flagship store on Herald Square. Image source: Macy's.

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Source Fool.com