Morgan Stanley Maintains Equal-Weight on Macy's, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Walvis has maintained an Equal-Weight rating on Macy's but has lowered the price target from $18 to $17.
August 22, 2024 | 1:37 pm
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Morgan Stanley has maintained its Equal-Weight rating on Macy's but reduced the price target from $18 to $17, indicating a slightly less optimistic outlook.
The lowering of the price target by Morgan Stanley suggests a less optimistic view on Macy's short-term performance, which could lead to a negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100