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.

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

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On June 4, Telsey Advisory raised its price recommendation on Macy’s, Inc. 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. 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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