Brian Sozzi Notes Macy's Low Valuation (M)

Brian Sozzi of Wall Street Strategies tweeted that Macy's M is trading below the valuation of recent deals we've seen in the retail space, and it could potentially be worth a look here, if you believe that shares of Macy's are undervalued. Sozzi notes that Macy's is trading at 4.8 times its estimated EV/EBITDA on next year's numbers. At last check, shares of Macy's were up 47 cents to $23.63, a gain of just over 2%.