Goldman Sachs Maintains Buy on Macy's, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach maintains a Buy rating on Macy's (NYSE:M) but lowers the price target from $26 to $23.
June 02, 2023 | 12:50 pm
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Goldman Sachs maintains Buy rating on Macy's, but lowers price target from $26 to $23.
Goldman Sachs' lowered price target on Macy's may cause short-term uncertainty among investors, but the maintained Buy rating indicates that the stock is still expected to perform well in the long run. The impact on the stock price is likely to be neutral in the short term as the lowered price target is balanced by the continued positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100