JP Morgan Maintains Overweight on Macy's, Raises Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss has maintained an Overweight rating on Macy's (NYSE:M) and increased the price target from $16 to $19.
November 17, 2023 | 3:28 pm
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POSITIVE IMPACT
Macy's has received a positive assessment from JP Morgan, with an Overweight rating reaffirmed and the price target raised to $19.
The increase in price target by a reputable analyst like Matthew Boss from JP Morgan is a strong positive signal for investors, suggesting a bullish outlook for Macy's stock in the short term. This could lead to increased investor confidence and potential upward movement in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100