Goldman Sachs Upgraded Macy's (M) to Buy, Adds To Buy List

March 6, 2009 7:22 AM EST

Goldman Sachs upgraded Macy's (NYSE: M) from Neutral to Buy with an $8.25 price target and added the stock to its Conviction Buy List.

Goldman said the company has alleviated balance sheet concerns.

See more analyst ratings on Macy's here.


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