How Positive is Susquehanna on Macy’s Inc (NYSE:M) Following Today’s Upgrade? The Target Price is $43.0000

May 22, 2018 - By Linda Rogers

Macy's, Inc. (NYSE:M) Logo

Macy’s Inc (NYSE:M) Stock Upgrade

In a research report shared with investors on 22 May, Susquehanna decided to upgrade shares of Macy’s Inc (NYSE:M) to a “Buy” rating. The firm currently has a respectable $43.0000 target price per share on M shares.

Macy's, Inc. (NYSE:M) Ratings Coverage

Among 9 analysts covering Macy’s Inc (NYSE:M), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Macy’s Inc has $42 highest and $26.0 lowest target. $29.44’s average target is -11.49% below currents $33.26 stock price. Macy’s Inc had 11 analyst reports since December 14, 2017 according to SRatingsIntel. The company was maintained on Thursday, December 28 by Telsey Advisory Group. The stock of Macy's, Inc. (NYSE:M) has “Hold” rating given on Friday, January 19 by RBC Capital Markets. Guggenheim maintained the stock with “Buy” rating in Thursday, December 14 report. The stock of Macy's, Inc. (NYSE:M) earned “Hold” rating by Jefferies on Tuesday, February 27. Gordon Haskett upgraded the stock to “Buy” rating in Thursday, March 1 report. The rating was maintained by Morgan Stanley on Wednesday, February 28 with “Equal-Weight”. The firm has “Underweight” rating by Morgan Stanley given on Thursday, May 10. The rating was maintained by BMO Capital Markets on Thursday, March 1 with “Outperform”. The firm has “Hold” rating by Deutsche Bank given on Monday, February 26.

The stock decreased 3.90% or $1.35 during the last trading session, reaching $33.26. About 9.64 million shares traded. Macy's, Inc. (NYSE:M) has declined 0.25% since May 22, 2017 and is downtrending. It has underperformed by 11.80% the S&P500.

MacyÂ’s, Inc., together with its subsidiaries, operates stores, Websites, and mobile applications. The company has market cap of $10.19 billion. The Company’s stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. It has a 6.6 P/E ratio. The firm also operates stores that offer a range of women's, men's, and children's apparel; shoes; fashion accessories; housewares; home textiles; intimate apparel; and jewelry.

More notable recent Macy's, Inc. (NYSE:M) news were published by: Benzinga.com which released: “China, US Back Away From Trade War, Helping Market Sentiment” on May 22, 2018, also Seekingalpha.com with their article: “Macy’s After Q1: It Starts To Look Better” published on May 21, 2018, Benzinga.com published: “Macy’s Poised For ‘Parade’ Of Beat-And-Raise Quarters, Susquehanna Says In Upgrade” on May 22, 2018. More interesting news about Macy's, Inc. (NYSE:M) were released by: Seekingalpha.com and their article: “Macy’s Shows Up The Shorts” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Macy’s: Defying Expectations” with publication date: May 17, 2018.

Macy's, Inc. (NYSE:M) Institutional Positions Chart

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