Analysts at Barclays initiated coverage on Macy's, Inc. M with a Underweight rating.
The target price for Macy's is set to $55.
Macy's shares have climbed 21.02% over the past 52 weeks, while the S&P 500 index has surged 13.92% in the same period.
Macy's shares dropped 0.53% to close at $64.32 on Friday.
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