Published On: Wed, Oct 19th, 2016

Upgrades And Downgrades For Macy’s, Inc. (NYSE:M)


Recently stock market analysts have updated their consensus ratings on shares of Macy’s, Inc. (NYSE:M).

Most recent broker ratings

09/30/2016 – Guggenheim began new coverage on Macy’s, Inc. giving the company a “buy” rating. They now have a USD 45 price target on the stock.

09/28/2016 – Macy’s, Inc. was downgraded to “neutral” by analysts at Credit Suisse. They now have a USD 40 price target on the stock.

09/14/2016 – Macy’s, Inc. was upgraded to “buy” by analysts at Citigroup. They now have a USD 44 price target on the stock.

08/12/2016 – Macy’s, Inc. had its “neutral” rating reiterated by analysts at UBS. They now have a USD 40 price target on the stock.

08/12/2016 – Macy’s, Inc. was downgraded to “neutral” by analysts at Macquarie.

08/12/2016 – Macy’s, Inc. had its “equal weight” rating reiterated by analysts at Morgan Stanley. They now have a USD 35 price target on the stock.

08/12/2016 – Macy’s, Inc. had its “market perform” rating reiterated by analysts at Telsey Advisory Group. They now have a USD 42 price target on the stock.

08/12/2016 – Macy’s, Inc. had its “sector perform” rating reiterated by analysts at RBC Capital. They now have a USD 40 price target on the stock.

08/11/2016 – Stifel Nicolaus began new coverage on Macy’s, Inc. giving the company a “hold” rating.

08/01/2016 – Goldman Sachs began new coverage on Macy’s, Inc. giving the company a “neutral” rating. They now have a USD 34 price target on the stock.

06/23/2016 – Macy’s, Inc. had its “market perform” rating reiterated by analysts at Cowen.

05/12/2016 – Macy’s, Inc. was downgraded to “neutral” by analysts at Northcoast Research.

05/12/2016 – Macy’s, Inc. was downgraded to “neutral” by analysts at Northland Securities.

05/12/2016 – Macy’s, Inc. had its “hold” rating reiterated by analysts at Argus.

03/14/2016 – Jefferies began new coverage on Macy’s, Inc. giving the company a “hold” rating. They now have a USD 25 price target on the stock.

Macy’s, Inc. has a 50 day moving average of 36.31 and a 200 day moving average of 36.03. The stock’s market capitalization is 10.86B, it has a 52-week low of 29.94 and a 52-week high of 52.48.

The share price of the company (NYSE:M) was up +0.31% during the last trading session, with a high of 35.35 and the volume of Macy’s, Inc. shares traded was 4659079.

Macy’s, Inc. is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods. Its subsidiaries provide various support functions to its retail operations. The Company’s bank subsidiary, FDS Bank, provides credit processing, certain collections, customer service and credit marketing services in respect of various credit card accounts that are owned either by Department Stores National Bank (DSNB), a subsidiary of Citibank N.A. or FDS Bank and that constitutes a part of the credit programs of the Company’s retail operations. Macy’s Systems and Technology, Inc. (MST), a subsidiary of the Company, provides operational electronic data processing and management information services to all of the Company’s operations.