Macy’s price target raised to $25 from $22 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on Macy’s (M) to $25 from $22 and keeps a Market Perform rating on the shares. The company delivered a “solid” Q3 beat and its outlook for Q4 assumes a “more choiceful consumer,” the analyst tells investors. The firm notes near-term visibility for sales and profitability remains limited due to macro pressures, traffic and tariff headwinds, and a competitive retail landscape.