Macy’s price target raised to $27 from $26 at Jefferies

Jefferies raised the firm’s price target on Macy’s (M) to $27 from $26 and keeps a Buy rating on the shares. The firm, which adjusted targets among its fashion brands coverage, would prioritize momentum-led upside to estimates versus turnarounds at this point. The firm, which believes across the fashion space that the market is expecting a more resilient consumer and constructive tariff backdrop at least for the near-term, has a 2026 base case that assumes stable consumer spend, although still pressured at the low-end, the analyst tells investors.