Macy’s price target raised to $15 from $12 at Barclays

Barclays raised the firm’s price target on Macy’s (M) to $15 from $12 and keeps an Equal Weight rating on the shares. The company’s Q2 report showed good execution against a challenging backdrop, but its back half of the year guidance “embeds continued caution” on uncertainty from the consumer response to higher prices, the analyst tells investors in a research note.