Morgan Stanley Maintains Equal-Weight on Macy's, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Walvis has maintained an Equal-Weight rating on Macy's (NYSE:M) and lowered the price target from $23 to $15.
August 07, 2023 | 3:41 pm
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Morgan Stanley has maintained an Equal-Weight rating on Macy's and lowered the price target from $23 to $15.
The lowering of the price target by Morgan Stanley indicates a bearish outlook for Macy's. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100