Macy’s price target raised to $9 from $8 at UBS

UBS raised the firm’s price target on Macy’s (M) to $9 from $8 and keeps a Sell rating on the shares. The firm’s channel checks suggest sales trends in Q4 were better than expected, the analyst tells investors in a research note. Macy’s FY26 and Q1 EPS guidance are likely to bracket consensus estimates and this will likely meet market expectations, the firm adds.