How Analysts Feel About Macy's, Inc. (NYSE:M)?

August 9, 2018 - By Kristin Houston

Macy's, Inc. (NYSE:M) Logo

Macy's, Inc. (NYSE:M) Ratings Coverage

Among 11 analysts covering Macy’s (NYSE:M), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. Macy’s had 14 analyst reports since February 26, 2018 according to SRatingsIntel. Deutsche Bank maintained it with “Hold” rating and $28 target in Monday, February 26 report. Jefferies maintained the stock with “Hold” rating in Tuesday, February 27 report. Susquehanna upgraded Macy's, Inc. (NYSE:M) rating on Tuesday, May 22. Susquehanna has “Positive” rating and $43 target. BMO Capital Markets maintained the stock with “Outperform” rating in Thursday, March 1 report. On Wednesday, June 6 the stock rating was downgraded by Atlantic Securities to “Neutral”. Morgan Stanley downgraded Macy's, Inc. (NYSE:M) on Thursday, May 10 to “Underweight” rating. The firm has “Equal-Weight” rating given on Wednesday, February 28 by Morgan Stanley. CFRA downgraded Macy's, Inc. (NYSE:M) rating on Monday, June 11. CFRA has “Hold” rating and $4100 target. Gordon Haskett upgraded the shares of M in report on Thursday, March 1 to “Buy” rating. Below is a list of Macy's, Inc. (NYSE:M) latest ratings and price target changes.

21/06/2018 Broker: UBS Rating: Neutral New Target: $39 Initiates Coverage On
11/06/2018 Broker: CFRA Rating: Hold New Target: $41.0000 Downgrade
07/06/2018 Broker: Susquehanna Old Rating: Positive New Rating: Positive Terminates
07/06/2018 Broker: Cowen & Co Old Rating: Market Perform New Rating: Market Perform Old Target: $42 Terminates
06/06/2018 Broker: Atlantic Securities Old Rating: Overweight New Rating: Neutral Downgrade
18/05/2018 Broker: Deutsche Bank Rating: Hold New Target: $33.0000
22/05/2018 Broker: Susquehanna Old Rating: Neutral New Rating: Positive Old Target: $25 New Target: $43 Upgrade
10/05/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Underweight Old Target: $27 Downgrade
12/03/2018 Broker: Credit Suisse Rating: Neutral New Target: $31 Initiates Coverage On
01/03/2018 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Outperform Old Target: $38 New Target: $42 Maintain

The stock increased 1.35% or $0.54 during the last trading session, reaching $40.43. About 3.41M shares traded. Macy's, Inc. (NYSE:M) has risen 46.10% since August 9, 2017 and is uptrending. It has outperformed by 33.53% the S&P500.

MacyÂ’s, Inc., together with its subsidiaries, operates stores, Websites, and mobile applications. The company has market cap of $12.39 billion. The Company’s stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. It has a 7.74 P/E ratio. The firm also operates stores that offer a range of women's, men's, and children's apparel; shoes; fashion accessories; housewares; home textiles; intimate apparel; and jewelry.

More recent Macy's, Inc. (NYSE:M) news were published by: Seekingalpha.com which released: “JC Penney May Be The Next Great Turnaround” on August 08, 2018. Also Seekingalpha.com published the news titled: “Macy’s: The Free Ride Is Over” on August 02, 2018. Seekingalpha.com‘s news article titled: “Macy’s Needs A Breather” with publication date: July 24, 2018 was also an interesting one.

Macy's, Inc. (NYSE:M) Institutional Positions Chart

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