Analysts at Bank of America downgraded Macy's M from Buy to Neutral.
The price target for Macy's is set to $65.
Macy's shares have gained 22.22% over the past 52 weeks, while the S&P 500 index has surged 14.18% in the same period.
Macy's shares dropped 0.89% to $61.06 in pre-market trading.
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