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Macy's (M) PT Lowered to $16 at Evercore ISI

August 21, 2024 2:46 PM EDT

Evercore ISI analyst Michael Binetti lowered the price target on Macy's (NYSE: M) to $16.00 (from $17.00) while maintaining a In Line rating.

The analyst comments "Bottom Line: Macys reported 2Q EPS at $0.53. Excluding $0.10 from 1x asset sales 2Q EPS was $0.43, above our $0.26/Street $0.30.... More