UBS Reiterates Sell Rating on Macy's (M)

UBS analyst Jay Sole reiterated a Sell rating and $6.00 price target on Macy's (NYSE: M).

The analyst commented, "Our channel checks suggest sales trends in 2Q were slightly better than expected. Thus we raise our Q2 EPS forecast by 4c to $0.19, which is in-line with the Street's estimate. Despite the slightly more positive outlook for 2Q, we expect M to reiterate FY25 guidance in light of tariff and macro uncertainties which could negatively impact 2H25. We believe the market expects the same. Thus, we don't expect M's 2Q report to lead to significant revisions of the Street's estimates or move the stock's P/E much. The options market is pricing in a +/- 5.4% jump over the event vs. a 7.5% historical avg. move. We agree with the options market view and expect a low volatility event."

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 $12.11 yesterday.

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