Macy’s, Inc. Reports Fourth Quarter and FY 2017 Earnings and Provides 2018 Guidance

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Macy's (M) PT Raised to $31 at RBC Capital

February 28, 2018 8:45 AM EST

RBC Capital raised its price target on Macy's (NYSE: M) to $31.00 (from $26.00) while maintaining a Sector Perform rating following the company's 4Q earnings report. M reported a $0.10 EPS beat in Q4 with +1.3% comps.

Despite expectations for moderate improvements in the business, analyst... More