UBS Reiterates Sell Rating on Macy's (M)

February 28, 2022 6:49 AM EST
Get Alerts M Hot Sheet
Price: $17.97 -1.91%

Rating Summary:
    11 Buy, 13 Hold, 7 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 4 | Down: 13 | New: 10
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UBS analyst Jay Sole reiterated a Sell rating and $22.00 price target on Macy's (NYSE: M) after the company reported a strong 4Q21 but offered nothing to change the trajectory of the fundamentals.

The analyst stated "The Street underestimates the pressure on M earnings from share loss as consumers migrate to online pureplay channels, retailers with better value-for-money propositions such as TJX, and brands' own stores and websites, in our view. In the near-term, M's self-help initiatives are proving more beneficial than expected. However, we believe M's business trajectory will deteriorate over the NTM as inflation continues, interest rates rise, and the benefits from fiscal stimulus fade."

For an analyst ratings summary and ratings history on Macy's click here. For more ratings news on Macy's click here.

Shares of Macy's closed at $26.36 yesterday.



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