JP Morgan Maintains Overweight on Macy's, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss has maintained an Overweight rating on Macy's (NYSE:M) and raised the price target from $25 to $27.
May 22, 2024 | 3:19 pm
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JP Morgan analyst Matthew Boss has maintained an Overweight rating on Macy's and raised the price target from $25 to $27.
The Overweight rating and increased price target from a reputable analyst at JP Morgan is likely to boost investor confidence in Macy's, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100