Telsey Advisory Group Maintains Market Perform Rating for Macy's: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Telsey Advisory Group has maintained its Market Perform rating for Macy's (NYSE:M) and increased its price target from $14.00 to $15.00. Macy's shares are currently trading up 1.58% at $13.54, and the new price target suggests a potential upside of 10.78%. Macy's operates around 550 stores and a variety of e-commerce sites, with women's products making up 61% of its 2022 sales.
November 17, 2023 | 5:00 pm
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Telsey Advisory Group maintains Market Perform rating on Macy's and raises price target to $15, indicating a potential 10.78% upside from the current price.
The maintenance of the Market Perform rating by Telsey Advisory Group, coupled with an increased price target for Macy's, suggests a positive outlook for the company's stock in the short term. The new price target represents a significant potential increase from the current trading price, which could lead to increased investor interest and a rise in the stock price.
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IMPORTANCE 75
RELEVANCE 100