Market Overview

Expecting Good Holiday Sales Data, Vetr Crowd Upgrades Macy's

Share:
Related M
Analyst: Macy's Loss Is Burlington's Gains
Watch These 7 Huge Call Purchases In Thursday Trade
This 7.6% Dividend Yield Company Is Under Siege And Might Not Survive (Seeking Alpha)

On Wednesday, the Vetr crowd upgraded their rating for Macy's Inc (NYSE: M) from 3 stars (Hold), issued last Wednesday, to 4 stars (Buy). Sentiment among the crowd is edging on the cautious side with 57 percent of user ratings bearish.

After opening on Black Friday at a 2016 high of $45.25, Macy's has been on a steady downward trend. The stock traded recently around $42.14.

Despite initial high retail expectations for this year's Black Friday, most analyst ratings for many of the major retailers remain mixed.

See how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average target price for Macy's is $46.08, well above the average analyst target price of $42.75 Less than 2 percent of Vetr users are holding M in their watch lists.

Latest Ratings for M

DateFirmActionFromTo
Jan 2017Deutsche BankDowngradesBuyHold
Nov 2016OTR GlobalUpgradesNegativeMixed
Oct 2016Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for M
View the Latest Analyst Ratings

Posted-In: VetrLong Ideas Upgrades Crowdsourcing Analyst Ratings Trading Ideas

 

Related Articles (M)

View Comments and Join the Discussion!