TD Cowen Lifts PT on Macy’s (M) to $13 From $11, Keeps a Hold Rating

Macy’s, Inc. (NYSE:M) is one of the 13 Most Undervalued Retail Stocks to Buy Right Now. On May 30, TD Cowen raised the firm’s price target on Macy’s, Inc. (NYSE:M) to $13 from $11 while maintaining a Hold rating on the shares. The rating update followed the company’s announcement of its fiscal Q1 2025 results on May 28, which reported net sales of $4.6 billion, surpassing its prior guidance range.

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The company’s comparable sales dropped 2.0% on an owned basis and down 1.2% on an owned-plus-licensed-plus-marketplace basis, exceeding Macy’s, Inc.’s  (NYSE:M) prior guidance range, attributed to better-than-anticipated performance across all nameplates.

The firm said that while Macy’s, Inc. (NYSE:M) reported a Q1 beat, its guidance was lowered on lower margins, justifying the Hold rating.

Macy’s Inc. (NYSE: M) is an omnichannel retail company that operates three brands: Macy’s, Bloomingdale’s, and Bluemercury. These brands offer a diverse range of merchandise, including accessories, apparel, consumer goods, home furnishings, and more.

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