Goldman Sachs Maintains Buy on Macy's, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach maintains a Buy rating on Macy's (NYSE:M) and raises the price target from $16 to $22.
February 28, 2024 | 4:27 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on Macy's and increases the price target from $16 to $22.
The upgrade in Macy's price target by a reputable analyst at Goldman Sachs suggests a positive outlook on the company's future performance. This endorsement is likely to instill confidence in investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100