Street View: Macy's forecast raise boosts investor confidence in turnaround
Macy's M.N raised its annual sales and profit targets on Wednesday, as the department store operator begins to see returns from its months-long turnaround efforts
At least 4 brokerages raised PT, median PT of 13 brokerages is $22 - data compiled by LSEG
RESILIENT CONSUMER DEMAND DESPITE TARIFF PRESSURE
Jefferies ("Buy", PT:$26) says tariff impacts have been better than expected, while core gross margin percentage also expanding
Telsey Advisory Group ("Market perform", PT:$25) says rightsizing store base should improve long-term profitability
Brokerage adds sales, profitability growth remain more limited due to macro pressures, traffic and tariff headwinds, and a competitive retail landscape
TD Cowen ("Hold", PT:$21) notes Macy's is benefiting from consumer resilience within the majority of its middle-to-upper income consumer base
Adds results provide cautious optimism around margin outlook heading into Q4
Related Articles
TradingKey 2025 Markets Recap & Outlook | Wall Street Bullish on 2026: S&P 500 Forecast at 8,000 with AI Gains and Cyclical Stocks Soaring
TradingKey - As 2025 draws to a close, the U.S. stock market has delivered a series of exciting and astonishing moments. As 2026 approaches, major Wall Street banks remain confident about the outlook for U.S. equities, with an average forecast for the S&P 500 index reaching 7,500 points.
Ripple Price Prediction: Why Is XRP Price Falling? Can It Rise to $10 in the Future?
XRP has weakened this year due to profit-taking, capital outflows, and its correlation with Bitcoin. Despite support from potential spot ETFs and positive regulatory developments, significant market divergence, liquidity uncertainty, and macroeconomic uncertainty remain high. XRP's price is likely t
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?
Dow Jones Market Data shows this marks the first time since 1980all three metals—gold, silver, and copper—simultaneously refreshed their all-time highs in the same year. Will this rally extend into 2026?
