TD Cowen analyst Oliver Chen raised the firm’s price target on Macy’s to $29 from $27 and keeps an Outperform rating on the shares. The analyst said they executed on clearing through inventory driving profitable sales growth and realizing strength in gifting occasion-wear beauty and luxury in 4Q inclusive of a better January.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on M: