PREVIEW: Macy's shares edge up; due to report results Wed
** Shares of Macy's M.N were up 1.0% on Tues, with the retailer due to report a decrease in quarterly rev when it reports results before the opening bell on Wed
** In late Nov, Macy's delayed its third-quarter results after finding that an employee hid as much as $154 mln in expenses over years.
** As of Tues, analysts expected the co to post quarterly rev of $4.78 bln vs $4.86 bln in the yr ago period, while they expected it to report earnings of 2c/shr vs 21c a yr ago, according to LSEG
** Macy's stock rose on Mon after activist investor Barington Capital urged the co to cut spending and consider the separation of a real-estate unit
** Analyst ratings on the stock include four "strong buy" or "buy" ratings, 10 "hold" ratings and one "sell" rating, based on LSEG data
** The median 12-mo price target is $17.00; the stock was last at $16.89
** The stock is down about 16% YTD
Reporting by Caroline Valetkevitch
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