BUZZ-Hudson's Bay Co: M Partners starts with "buy"

Fri Sep 5, 2014 11:23am EDT
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** Canadian retailer's shares up 4 pct at C$17.67

** Analysts at M Partners initiate coverage with "buy" rating and target price of C$35

** Stock has mean price target of C$19.56, according to Thomson Reuters data

** Hudson's Bay could significantly reduce its debt by monetizing its real estate, the analysts wrote in a note

** Company's total liabilities were C$5.55 billion, as of May

** Up to Thursday's close, stock had risen more than 5 pct this year