Macy’s, Inc. Terminates Discussions with Arkhouse and Brigade

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Macy's (M) PT Lowered to $17 at Evercore ISI

July 15, 2024 3:21 PM EDT

Evercore ISI analyst Michael Binetti lowered the price target on Macy's (NYSE: M) to $17.00 (from $22.00) while maintaining a In Line rating.

The analyst comments "We increased our valuation for Macys stock when the activists launched knowing that the perceived success of an activist transaction would be... More