Macy's forecasts sales hit from steep promotions, uneven demand
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August 22, 2024 5:42 AM EDT
Morgan Stanley analyst Kimberly Greenberger lowered the price target on Macy's (NYSE: M) to $17.00 (from $18.00) while maintaining a Equalweight rating.
The analyst comments "Though M beat 2Q EPS & reiterated FY EPS guidance, this result was lower-quality. We continue to see... More
August 22, 2024 5:02 AM EDT
Citi analyst Paul Lejuez lowered the price target on Macy's (NYSE: M) to $16.00 (from $17.00) while maintaining a Neutral rating.
The analyst comments "Unlike what we heard from WMT, TGT and TJX, M saw a slowdown as 2Q progressed and significantly missed comp expectations... More
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
