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Macy's (NYSE:M) was upgraded by equities researchers at Morgan Stanley to a “best ideas list” rating in a research report issued on Thursday.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Macy's from $68.00 to $65.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Macy's in a research note on Wednesday, June 11th. They now have a $70.00 price target on the stock, up previously from $63.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Macy's in a research note on Thursday, May 29th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.11.

Macy's (NYSE:M) traded down 0.07% during mid-day trading on Thursday, hitting $58.77. 3,075,020 shares of the company’s stock traded hands. Macy's has a one year low of $42.18 and a one year high of $61.26. The stock’s 50-day moving average is $58.1 and its 200-day moving average is $57.2. The company has a market cap of $21.183 billion and a P/E ratio of 14.95.

Macy's (NYSE:M) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.01. The company had revenue of $6.28 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts predict that Macy's will post $4.52 earnings per share for the current fiscal year.

Macy’s, Inc (NYSE:M) is a retail organization operating stores and Internet Websites under two brands (Macy’s and Bloomingdale’s) that sell a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico.

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