JPMorgan raised the firm’s price target on Macy’s (M) to $23 from $18 and keeps a Neutral rating on the shares. The company reported a Q3 beat and issued a “prudent” outlook for Q4, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on M:
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!
- Unusually active option classes on open December 3rd
- Macy’s Earnings: Why Is M Stock Falling despite Retailer’s Q3 Beat?
- Morning Movers: Macy’s dips following third quarter earnings report
- Macy’s sees Q4 adjusted EPS $1.35-$1.55, consensus $1.57