What Analysts Are Saying About Macy's Stock
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings on Macy's (NYSE:M) over the past three months, with a recent shift towards a more neutral stance. The average 12-month price target has decreased by 1.83% to $21.4. Key analysts have adjusted their ratings and price targets, reflecting varied expectations for Macy's future performance.
July 16, 2024 | 6:01 pm
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NEUTRAL IMPACT
Analysts have shown mixed sentiments on Macy's (NYSE:M) with a recent shift towards a more neutral stance. The average 12-month price target has decreased by 1.83% to $21.4. Key analysts have adjusted their ratings and price targets, reflecting varied expectations for Macy's future performance.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on Macy's stock. While some analysts have raised their price targets, others have lowered them, indicating uncertainty about the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100