Macy's Stock Upgraded: What You Need to Know [The Motley Fool]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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US:NYSE Investor Relations:
macysinc.com/ir
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Source: The Motley Fool
Macy's Stock Upgraded: What You Need to Know The turnaround is upon us. Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope... Macy's ( NYSE:M ) stock popped more than 10% last week after reporting earnings that " beat analyst estimates on all accounts " -- and that may be only the beginning. Since scoring its 11% gain after earnings last Wednesday, Macy's stock has marched steadily higher as investors took time to digest the results. This task completed, analysts at Susquehanna Financial announced this morning they're upgrading it to positive and assigning a $43 price target to this $35 stock. Here's why. Macy's released earnings on Tuesday evening last week. Sales rose only 3.6%, but that was still much better than what analysts had been expecting Macy's to report, and same-
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News
- Macy's slashes job pledge, ups investment for $640M Rowan County distribution center [Yahoo! Finance]Yahoo! Finance
- Romance scammers turn victims into "money mules," creating a legal minefield for investigators [CBS News]CBS News
- I was happy in the UK and dead against moving to New York. When my partner was made redundant, it felt like our only option. [Business Insider]Business Insider
- Macy's Inc. Taps Abigail James as Chief DEI Officer [Yahoo! Finance]Yahoo! Finance
- Sleep Sweet: Save Up to 65% Off a New Mattress With These Deals [CNET News]CNET News
M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website