Macy's cuts annual profit view as weak demand overshadows holiday sales

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Go back to Macy's cuts annual profit view as weak demand overshadows holiday sales

Macy's (M) PT Raised to $15 at CFRA

December 11, 2024 10:12 AM EST

CFRA analyst Zachary Warring raised the price target on Macy's (NYSE: M) to $15.00 (from $13.00) while maintaining a Hold rating.

The analyst comments "We lower our 12-month price target by $2 to $15, based on 6.0x our FY 26 (Jan.) EPS estimate and in between the... More