On Wednesday, the Vetr crowd upgraded their rating for Macy's Inc 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.
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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.
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