Telsey Advisory Raises Macy’s (M) Price Target after Solid Q1 Earnings Beat

Macy’s, Inc. (NYSE:M) is included among the 10 Best Value Dividend Stocks to Buy Now According to Warren Buffett.

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On June 4, Telsey Advisory raised its price recommendation on Macy’s, Inc. (NYSE:M) to $23 from $20. It reiterated a Market Perform rating on the shares. The analyst told investors that Macy’s delivered a “solid” Q1 EPS beat and also increased its FY26 guidance. The firm believes the company has room to improve long-term profitability as it continues to optimize its store base. It also expects macroeconomic pressures, traffic challenges, and tariff-related headwinds to become more manageable over time.

The same day, Evercore ISI analyst Michael Binetti raised the firm’s price goal on Macy’s to $22 from $19 and maintained an In Line rating on the stock. Following a “solid” first quarter, the analyst told investors that the firm sees an opportunity for Macy’s to grow earnings per share in FY26.

Macy’s, Inc. (NYSE:M) is an omnichannel retail company. The company operates stores, websites, and mobile applications under its Macy’s, Bloomingdale’s, and Bluemercury brands. Through these platforms, it sells a wide range of products, including apparel and accessories for men, women, and children, cosmetics, home furnishings, and other consumer goods.

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