Analysts at Atlantic Equities downgraded Macy's M from Overweight to Neutral.
The price target for Macy's has been raised from $62 to $68.
Macy's shares have surged 18.89% over the past 52 weeks, while the S&P 500 index has gained 14.30% in the same period.
Macy's shares fell 1.27% to close at $61.56 yesterday.
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