JP Morgan Maintains Overweight on Macy's, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss maintains an Overweight rating on Macy's (NYSE:M) and raises the price target from $23 to $25.
March 11, 2024 | 2:04 pm
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POSITIVE IMPACT
JP Morgan analyst Matthew Boss maintains an Overweight rating on Macy's and raises the price target from $23 to $25.
The upgrade in Macy's price target by a reputable analyst like Matthew Boss from JP Morgan is a strong positive signal to the market. It suggests confidence in Macy's future performance and financial health, likely leading to increased investor interest and potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100