Here’s What the Wall Street Thinks About ​​Macy’s, Inc (M)

Macy’s, Inc. (NYSE:M) is 1 of the Best Performing Affordable Stocks Under $40. On December 30, Mike Hickey from Benchmark Co. reiterated a Buy standing connected the banal without disclosing immoderate terms targets. Earlier, connected December 5, Evercore ISI maintained a Hold standing connected the banal and raised the terms people connected the banal from $14 to $21.

The affirmative sentiment follows the company’s fiscal Q3 2026 net announced connected December 3. The quarterly gross fell somewhat by 0.61% year-over-year to $4.71 cardinal but topped estimates by $154.53 million. The EPS of $0.09 besides topped estimates by $0.22. Management noted that the nett income exceeded their guidance range. Moreover, the 3rd 4th income were besides reported to beryllium the strongest successful 13 quarters, driven by the company’s bold caller section strategy.

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Evercore ISI noted the 4th to beryllium robust. However, the steadfast expressed its disappointment regarding the company’s 4th fourth same-store income target, which Macy’s, Inc. (NYSE:M) expects to present -2.5% to level growth. Evercore ISI believes that the institution needs to present astatine slightest 2% to 3% same-store income maturation arsenic it rolls retired its Reimagine 125 initiatives to much stores successful 2026 and beyond.

Macy’s Inc. (NYSE:M) is an omnichannel retail store that manages 3 brands: Macy’s, Bloomingdale’s, and Bluemercury. These brands merchantability a assortment of merchandise, including accessories, apparel, user goods, location furnishings, and more.​

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.