Morgan Stanley Maintains Equal-Weight on Macy's, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Walvis maintains an Equal-Weight rating on Macy's (NYSE:M) and lowers the price target from $21 to $20.

February 28, 2024 | 5:58 pm
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Morgan Stanley maintains an Equal-Weight rating on Macy's and lowers the price target from $21 to $20.
The reduction in Macy's price target by Morgan Stanley, while maintaining an Equal-Weight rating, suggests a cautious outlook on the stock's short-term performance. This adjustment reflects potential concerns about Macy's future earnings or market position, which could lead to a negative investor sentiment and a decrease in stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100