Evercore ISI Group Maintains In-Line on Macy's, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Binetti maintains an In-Line rating on Macy's (NYSE:M) but lowers the price target from $22 to $17.
July 16, 2024 | 3:22 pm
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Evercore ISI Group analyst Michael Binetti maintains an In-Line rating on Macy's but lowers the price target from $22 to $17.
The lowered price target from $22 to $17 by Evercore ISI Group suggests a less optimistic outlook for Macy's, which could negatively impact investor sentiment and the stock price in the short term.
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